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The phrase "a knowledge economy" is correct and usable in written English.
It can be used to describe an economy that is primarily based on the production and management of knowledge and information rather than traditional industries.
Example: "In today's world, we are increasingly moving towards a knowledge economy where innovation and intellectual capabilities drive growth."
Alternatives: "an information economy" or "a cognitive economy".
Exact(60)
TODD ROSE: We're a knowledge economy.
We live today in a knowledge economy.
A knowledge economy does not have to be inequitable.
In a knowledge economy, rote learning is becoming irrelevant.
But this is surely the wrong way to fund the educational infrastructure of a knowledge economy.
We aspire to be a knowledge economy working at the top of the production chain.
There is a lot of talk about building a knowledge economy and Russia's own silicon valley.
Mr Miklos, with his plans for a knowledge economy, is a name to watch.
The idea that we live in a "knowledge economy" has strengthened that notion.
This paper elaborates on the argument that the economy is transforming into a knowledge economy.
In a knowledge economy, digital information can flow fast and free.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com