- Post-industrial economy
A post-industrial economy refers to a period of growth within an
industrialized economyor nation in which the relative importance of manufacturinglessens and that of services, information, and research grows.
Such economies are often marked by:
* A declining manufacturing sector, resulting in de-
* A large
* An increase in the amount of
information technology, often leading to an " information age". Information, knowledge, and creativityare the new raw materials of such an economy.
The industry aspect of a post-industrial economy is sent into less developed nations which manufacture what is needed at lower costs ("see"
outsourcing). This occurrence is typical of nations that industrialized in the past such as the United Statesand most Western European countries.
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