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Suppose the following situation exists for an economy: Kt₊₁ / N > Kt / N.Given this information,we know that
Tacit Knowledge
Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often gained through personal experience.
Job Knowledge
The understanding and information a person possesses regarding their job duties, responsibilities, and the necessary skills for performance.
Explicit Knowledge
Information or knowledge that is articulated, codified, and accessible in a tangible form, such as documents or databases.
Conditional
Subject to one or more conditions or requirements being met; made or granted on certain terms.
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