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Post-industrial economy
A
post-industrial economy
refers to a period of growth within an
industrialized
economy
or nation in which the relative importance of
manufacturing
reduces and that of services, information, and research grows. Such economies are often marked by:
A declining manufacturing sector, resulting in
deindustrialization
,
a large
service sector
, and
an increase in the amount of
information technology
, often leading to an "
information age
".
Information
,
knowledge
, and
creativity
are the new
raw materials
of such an economy.
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