A post-industrial economy refers to a shift from a manufacturing-based economy to one that is primarily focused on services, technology, and information. This transition typically occurs after a decline in industrial production.
Related terms
Deindustrialization: The process of industries declining or disappearing in a specific area.
Service Sector: The part of the economy that focuses on providing services rather than producing goods.
Technological Advancement: The progress and development of new technologies that shape the way we work and live.