Conceptual economy

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/conceptual-economy

1. What is the nature of exchange?
2. What is the primary functions?
3. How did the printing press change the conceptual economy?
4. Why is the conceptual economy important for solving big problems like climate change?

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the nature of exchange?Focuses on intangible assets like knowledge, ideas, and information
2. What is the primary functions?Drives innovation, economic development, and societal problem-solving
3. How did the printing press change the conceptual economy?It made books and information available to many people, helping the Renaissance and Scientific Revolution grow faster.
4. Why is the conceptual economy important for solving big problems like climate change?Because new ideas from many different fields can be combined to find solutions to complex global challenges.

Intellectual Property: Creations of the mind, such as inventions and artistic works, protected by law.
Open Innovation: A paradigm that assumes firms can and should use external ideas as well as internal ideas.
Codified Knowledge: Information that has been written down or otherwise recorded and can be easily shared.