Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,935,766 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Old Economy

   Also found in: Wikipedia 0.01 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.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
But Jeremy Hunt, shadow culture secretary, said: "Slapping on a broadband tax is an old economy solution to a new economy problem.
In the old economy profit was often made by letting other people pay the real costs of doing business.
While the old economy was highly concentrated in automobile manufacturing, the new knowledge economy is focused in a broad range of technologies related to alternate energy, fuel cells, vehicle propulsion systems, life sciences, bioinformatics, nanobiology, genomics, telematics and robotics.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.