Post-industrial Stage

Definition

The post-industrial stage refers to a phase in a country's development where services become the primary economic activity instead of manufacturing. Birth rates continue to decline while life expectancy remains high.

Related terms

Service Sector: The part of the economy that includes activities such as retail, healthcare, education, entertainment, and tourism.

Information Technology: The use of computers, software, networks, and electronic systems to store, process, transmit, and retrieve information.

Globalization: The increasing interconnectedness and interdependence of countries through trade, communication, technology advancements, and cultural exchange.