Material economy is an economy with material resources as the main labor resources. The primitive economy is the primitive material economy, the agricultural economy is the economy based on biological material resources, and the industrial economy is the advanced stage of material economic development. Knowledge economy is a new economic form relative to material economy, which is based on knowledge resources. The prerequisite for the establishment of knowledge economy is the high development of industrial economy, and industrial economy is based on science and technology, so without the high development and wide application of science and technology, material economy can not be transformed into knowledge economy.
It can be concluded that if science and technology are highly developed and widely used, material economy can be transformed into knowledge economy.