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The last decades has seen major major industrial economies being transformed into knowledge and information based service economies. Most manufacturing has tended to mo to low wage countries where labour costs make production viable. In industrialized countries less and less people are to be found working in factories, instead more people are involved in working with, distributing, or creating new knowledge and information. Such as sales, education, banking and finance. In a knowledge and information based economy, information and the technology that delivers it have become critical, strategic assets for business firms and their managers. Information systems are needed to optimize the flow of information and knowledge within the organization and to help management maximize the firms knowledge resources.
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Where do most people live in industrial economies?
Most people in industrial economies live in urban areas.
Which commodity is used most in industrial economies?
Water.
Why are there so few traditional economies in the world today?
Traditional economies lead to less economic prosperity than capitalist and planned economies because of the efficiency of industrial production. As a result, people are voting with their feet and wallets to leave traditional economies and embrace capitalism or some other form of industrial economy.
Why is it difficult for developing nations to establish industrial economies?
If a nation is developing they need to build up the country. There are more rural areas without advanced technology to mass produce products. Most developed nations have more industrial economies because they have the money and resources to do so.
What modes of transportation improved the nations economies?
Trains or Locomotive systems and routes and Steamboats built during the Industrial Revolution.
Where do most people live in industrial economies?
Most people in industrial economies live in urban areas.
The industrial revolution had what with European economies?
The industrial revolution had European economies become wealthy than other regions of the world, thereby providing the needed capital for investment in new technologies.
Which commodity is used most in industrial economies?
Water.
What is postindustrial industry?
Post-industrial transformation refers to the period of time after the industrial phase reached its peak. This is a transformation that switches the focus from industry to services and information.
Were industrial nations in europe needed to expand their economies?
The industrial nations in Europe needed to expand their economies so as to improve trade between them and other continents. This is what was commonly referred to as imperialism.
What has the author Frank Hearn written?
Frank Hearn has written: 'Domination, legitimation, and resistance' -- subject(s): Industrial sociology, Working class, History 'The transformation of industrial organization' -- subject(s): Industrial organization 'The transformation of industrial organization' -- subject(s): Industrial organization
Why are there so few traditional economies in the world today?
Traditional economies lead to less economic prosperity than capitalist and planned economies because of the efficiency of industrial production. As a result, people are voting with their feet and wallets to leave traditional economies and embrace capitalism or some other form of industrial economy.
The transformation of manufacturing that began in Britain about 1750?
Industrial Revolution
The transformation of manufacturing that began in Britain in 1750?
Industrial Revolution
The transformation of manufacturing that began in British about 1750?
i thinks its the industrial revolution
What do we call land that used to be for industrial purposes?
Brownfield
What helped stimulate the economies and industrial growth of western Europe after the war.?
marshall plan
