This economic activity involves intellectual pursuits associated with technological advancements. It encompasses industries involved in research and development, information technology, consultation, and education. For example, scientific research, software development, and advanced engineering design all fall under this classification.
The significance of this sector lies in its role as a driver of innovation and economic growth. Historically, its development is linked to the post-industrial era and the rise of knowledge-based economies. Its benefits include the creation of high-skilled jobs, the development of new technologies, and enhanced productivity across other economic sectors.