Post-industrial economy

A post-industrial economy is the period of growth within an industrialized economy or nation in which a relative importance of manufacturing reduces as well as that of services, information, and research grows.

Such economies are often marked by a declining manufacturing sector, resulting in de-industrialization, & a large service sector as well as an put in the amount of information technology, often leading to an "information age"; information, knowledge, and creativity are the new raw materials of such(a) an economy. The industry aspect of a post-industrial economy is noted into less developed nations which manufacture what is needed at lower costs through outsourcing. This occurrence is typical of nations that industrialized in the past such(a) as the United Kingdom number one industrialised nation, nearly of Western Europe and the United States.