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A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.
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What are the key factors for participating in the information economy on a global basis?
The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as know-how and expertise are as critical as other economic resources.
What do you understand by the term post-industrial society Discuss?
Industrial society came into existence when the number of factory workers exceeded the number of primary-industry workers. Primary industry is the type of economic activity that deals with the harvesting of raw materials. Included in that category are: farming, fishing, foresting, mining, and so forth. England was probably the first industrial society, but there is some reason to believe that the phenomenon occurred about the same time in Holland. Post-industrial society exists when more people are employed in the service industry than in secondary industry (manufacturing, etc.) and primary industry (farming, etc.) The United States was the first post-industrial society. This occurred around 1970. By the last census, slightly more than 7 of every 10 working Americans were occupied in the service industry. Post-industrial society, first of all, depends upon others to supply many of the products of secondary industry. This explains the imbalance in consumer trade. We export technology and intelligence for manufactured goods. Because of the advances made during the period when the U.S. was an industrial society, about two percent of the entire population now produces foor (primary industry) for the rest of the people. The key social institution in post-industrial society is education. Tertiary industry (which replaces secondary and primary industries as the major employer) includes the various fields of medicine; accounting, banking, and financial services; information development and transfer; communications; engineering research and development; legal services; and other areas that require personnel with AT LEAST college educations. ::::Mayur-Singh
Disadvantage of market economy?
One of the key disadvantages of a market economy is that it is unpredictable. Many events can cause shocks in a market economy. For instance, a natural disaster or war can cause volatility in the market. A lack of stability is the key feature of the market economy.
What are key industries owned by a socialist economy?
banks
Who makes economic decisions for Vietnam?
In Vietnam, the economy is still very much state orientated meaning, the government controls many key features in an economy (Interest rate; exchange rate; oil prices...) However, in recent times, privatizing is occurring more frequently than before.
What did Hamilton believe was the key to the success of the new nation?
They created a strong economy by having industrial, building, and trades
What are the challenges faced by post industrial society?
Some challenges faced by post-industrial societies include economic inequality due to job displacement, shifting skill requirements leading to unemployment, environmental degradation from industrial activities, and social dislocation caused by rapid technological advancements. Balancing economic growth with sustainability and addressing issues of social justice are key challenges for post-industrial societies.
What is the key feature of post-industrial societies as it relates to the work force?
The key feature of post-industrial societies is the shift from manufacturing-based economies to service-based economies. This transition results in a workforce that is more focused on providing services, information, and knowledge-based expertise rather than producing tangible goods.
What is the crater of cotten grin?
The creator of the cotton gin was Eli Whitney. His invention helped boost the economy of the south and was a key invention in the Industrial Revolution.
Why is Eli Whitney famous?
He was an American inventor who invented cotton gin, this was one of the key inventions in the Industrial Revolution that shaped the economy of Antebellum Age.
What are the key factors for participation in the information economy on a global basis?
The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as know-how and expertise are as critical as other economic resources.
What are the key factors for participating in the information economy on a global basis?
The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as know-how and expertise are as critical as other economic resources.
What were two key differences between the north's economy and the south's economy?
what were two key differences between the north's economy and the south's economy?
Which four features are characteristics of the post-closure approach?
Scheduling, identifying what done differently, identifying successes and shortcomings, and involiving key mbrs.
Does moscow lies at the heart of the central indrustrial region?
Yes, Moscow lies at the heart of the Central Industrial Region of Russia, which is known for its industrial development and economic significance. The region plays a key role in the country's industrial production and economy, with Moscow as its central hub.
What are the key features?
key features are from countries and lots more like what is important to them
What are the key features of the type of map you created?
The key features of the map you created are the lithosphere the minuet and the miniseries.
