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Post-industrialization

Definition

Post-industrialization refers to the period following the decline of heavy industry and manufacturing as the dominant sectors in an economy, with a shift towards service-based industries and technology-driven activities.

Analogy

Imagine post-industrialization as a transition from traditional board games to virtual reality gaming where players engage in immersive experiences using cutting-edge technology.

Related terms

Globalization: The increasing interconnectedness of countries through trade, communication, and cultural exchange, facilitated by advancements in transportation and technology.

Information Age: A period characterized by rapid technological advancements, particularly in computer science and telecommunications, leading to an increased emphasis on information processing and sharing.

Automation: The use of machines or technologies to perform tasks that were previously done by humans. Automation often leads to efficiency gains but can also result in job displacement.