Broadly speaking, the term Knowledge Society refers to any society where knowledge is the primary production resource instead of capital and labour. It may also refer to the use a certain society gives to information.
A knowledge society is one in which knowledge becomes a major creative force.Knowledge societies are not a new occurrence. For example, fishermen have long shared the knowledge of predicting the weather to their community and this knowledge gets added to the social capital of the community.
SOURCE: http://en.wikipedia.org/wikiKnowledge Society is a society that creates, shares and uses knowledge for the prosperity and well-being of its people.