In ancient times the elements meant : water, fire, earth, and air. However the modern definition of elements is a pure substance that cannot be broken down into a simpler substance.
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The opposite could be new, recent, modern, or young.
The consumer in the modern sense is the customer who buys products and keeps the economy running.
Modernization means to take an object or a place and change it to have a more modern look or feel. Modern means that it is relating to the present time or a recent age.
The Middle Ages was a time between ancient and modern times.