postindustrial economy

A postindustrial economy is one where the main focus shifts from manufacturing and physical goods to services and knowledge. Instead of producing lots of products in factories, it relies on sectors like healthcare, education, finance, technology, and information services. This shift is driven by advancements in technology and automation, which reduce the importance of traditional manufacturing jobs. As a result, innovation, expertise, and information management become key drivers of economic growth. In essence, the economy emphasizes ideas, services, and technology rather than just physical goods.