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What is a Industrial based economy?

Updated: 12/16/2022
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an economy based on industry

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Q: What is a Industrial based economy?
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What type of economy is based on mining or producing raw materials to be used in foreign industries?

An industrial economy is based on mining or producing raw materials to be used in foreign industries.


The four major economic shifts the US has experienced?

· Service Based Economy: Is the economy we were in during the 1600's because the colonists bartered and traded goods.· Agricultural Based Economy: In this economy during the 1700's farming was a common way of life so this was a easy way of life.· Industrial Based Economy: In the mid 1859's big machines were build which stated the industry based economy.· Service Based Economy: With the computer now more advanced information moved around a lot faster, and the way goods an services were produced an sold this created the service based economy.


How is Italy a mixed Economy?

The economy in Italy is one that has diversified over the years, placing 7th of the largest economies in the world. Italy transitioned from its agriculturally-based foundation to that of industrial with major industries like manufacturing


What are the key features of the post industrial economy?

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.


After world war 2 the us switched from a manufacturing economy to a what kind of economy?

industrial

Related questions

Was it the north or south who had an industrial economy?

The north had an industrial based economy. The south had an agricultural based economy.


What type of economy is based on mining or producing raw materials to be used in foreign industries?

An industrial economy is based on mining or producing raw materials to be used in foreign industries.


What are the characteristics of a feudal society?

industrial based economy


What is the economy of northern Italy based on?

Northern Italy is industrial.


What was the norths economy based on before the civil war?

Before the civil war the north economy was based on agriculture. It was later based on the industrial revolution after the war.


What type of economic system is found in Germany?

Germany has an Industrial based economy. Their economy at present is really strong.


What did Hamilton want the us economy to be based on?

Novanet: Industrial and commerical.Industrial and commercial


How is the American economy different today than it was in the early 20th century?

In the early 20th Century the American Economy was more industrial based. The American Economy in the 21st Century has seen an outsourcing of much of the industrial sector to economies that have "cheaper" labor. The current American Economy is more technologically and scientifically based.


Which phrase accurately describes the term industrial revolution?

The transition from an economy based on agriculture to one based on manufacturing


What type of economy is based on mining or producing raw to be used in foreign industries?

An industrial economy is based on mining or producing raw materials to be used in foreign industries.


What type of economy is based on mining or producing raw materials to be used to foreign industries?

An industrial economy is based on mining or producing raw materials to be used in foreign industries.


What type of economy is based in mining or producing raw materials to be used in foreign industries?

An industrial economy is based on mining or producing raw materials to be used in foreign industries.