In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number. A knowledge economy is either economy of knowledge focused on the economy of the producing and management of knowledge or a knowledge-based economy. In the second meaning, more (1) _____ used, it is a phrase that refers to the use of (2) ______ to produce economic benefits. The (3) ______ was popularized by Peter Drucker in his book the Age of Discontinuity.
In this new economy, it is (4) _____ that the key to success is "knowledge". But the rules and (5) ______ that determine (6)_____ in the industrial economy of the 20th Century need rewriting in an interconnected (7) _____ where resources such as know-how are more (8) _____ than other economic resources. These rules need to be rewritten at the (9) _____ of firms and industries in terms of knowledge policy or knowledge-related policy. (10) ______, this means that business must be in a constant process of change and adaptation to the new economic realities.
Which of the following words should be filled at (8) as per the context of the passage from the given options?
critical
Knowledge Economy: Analyzing Blank (8) Context
The task is to select the most appropriate word to fill blank (8) in the provided passage. The sentence in question reads:
"...where resources such as know-how are more (8) _____ than other economic resources."
This part of the passage discusses the nature of the knowledge economy, highlighting how certain resources gain significance. It implies a comparison between knowledge-based resources (like know-how) and other traditional economic resources.
Economy Blank (8) Options Evaluation
Let's evaluate each option provided for blank (8) to see which one fits the context best:
-
Option 1: critical
The word 'critical' signifies something that is extremely important or essential for success. In a knowledge economy, knowledge and skills (know-how) are often the driving forces. Therefore, describing know-how as 'more critical' than other resources accurately reflects its heightened importance in this economic system.
-
Option 2: ready
'Ready' implies being prepared or available. This word does not convey the sense of importance or value that the passage is trying to communicate about knowledge resources compared to others.
-
Option 3: different
'Different' simply means not the same. While knowledge resources are indeed different from traditional ones, saying they are 'more different' does not effectively capture their increased significance or value in the economic context.
-
Option 4: easy
'Easy' suggests a lack of difficulty. This option does not fit the context, as the value of a resource in an economy is typically related to its importance or scarcity, not its ease of use or acquisition.
Knowledge Resource Importance: Blank (8) Conclusion
Considering the context of the passage, which emphasizes the shift towards a knowledge-based economy where knowledge itself is a key asset, the word critical is the most suitable choice for blank (8). It effectively conveys that resources like know-how have become more fundamentally important and essential compared to other economic resources.
Important Questions from Vocab and Grammar Based Questions
Select the most appropriate option that will fill in the blank number 2.
Select the most appropriate option that will fill in the blank number 3.
Select the most appropriate option that will fill in the blank number 4.
Select the most appropriate option that will fill in the blank number 5.
Select the most appropriate option to fill in blank number 1.
