Final answer:
Experiences are considered the next economic value frontier because they lead to significant and sustainable economic gains. They foster the transfer of knowledge and skills, and highlight the importance of the division of labor and specialization in global markets for economic growth.
Step-by-step explanation:
Experiences as the next step of economic value are particularly special because they represent a shift in consumer spending from goods to intangibles, which can lead to significant economic gains. As highlighted by some economies, a market-based approach focused on non-physical sectors such as services and experiences can result in substantial economic growth. One of the main reasons experiences are becoming more valuable is due to their sustainable nature, providing economic expansion without the heavy reliance on physical resources. Additionally, experiences often involve the transfer of valuable knowledge and skills, which can spur innovation and competitiveness in an economy. This is particularly true in an increasingly globalized market where the division of labor and specialization play a critical role in achieving greater efficiency and productivity.