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Old Economy
(redirected from Asset-based economy)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Old Economy
The universe of companies and industries that experienced a tremendous amount of growth in the first part of the 20th century, but have since slowed down with the advent of technology companies. Examples of members of the old economy include the steel, automobile, and energy industries. It is important to note that the old economy is still relevant, with most old economy industries representing thousands of jobs and a significant proportion of GDP.


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