New Economy

The New Economy refers to a shift from traditional industries to an economy driven by technology, innovation, and information. It emerged in the late 20th century, characterized by the rise of the internet, digital communication, and knowledge-based jobs. In this economy, businesses focus on creating value through technology, entrepreneurship, and services rather than manufacturing. The New Economy emphasizes fast growth, flexibility, and the importance of intellectual property and human capital. It often leads to new business models and changes in employment patterns, affecting how we work, communicate, and engage with the marketplace.