ECONOMICS

Detailed explanation-1: -An intelligent agent is a special-purpose, knowledge-based information system that accomplishes specific tasks on behalf of its users. Intelligent agents usually have a graphical representation, such as “Sherlock Holmes” for an information search agent.

Detailed explanation-2: -Knowledge-based systems usually contain three components: a human-computer interface, a knowledge base, and an inference engine program.

Detailed explanation-3: -Expert Systems, also known as Knowledge-based Systems, Intelligent Agent Systems, or more generally as Knowledge Systems, are computer programs that exhibit a similar high level of intelligent performance as human experts.

Detailed explanation-4: -Knowledge-based agents are those agents who have the capability of maintaining an internal state of knowledge, reason over that knowledge, update their knowledge after observations and take actions. These agents can represent the world with some formal representation and act intelligently.

Detailed explanation-5: -A knowledge-based system (KBS) is a program that captures and uses knowledge from a variety of sources. A KBS assists with solving problems, particularly complex issues, by artificial intelligence. These systems are primarily used to support human decision making, learning, and other activities.