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In: Economics

what should a country do and go through to transition from industrial age to informational age...

what should a country do and go through to transition from industrial age to informational age ?

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Expert Solution

The Industrial Age started around 1760 in Great Britain. And then it spreaded in other countries in the world. On the other hand,the Information Age is also known as Digital Age or Computer Age. The Age started aroun late 20th century.

An economy becomes an informational economy where the productions or outputs are comes with the help of the konwledge of information technology. It also based on digital computer technology. This information technology helps the economy to promote the marketing in the international fields. It is a very easy and quick process to communicate with others with the help of this technology. Thus the international trade becomes enrich.

A country should implement such informational technologies to speed up its economy growth. Like,if in a factory there has a appropriate information technology then the production will increase than before. At the advent of this information technology the industries became more beneficial. A country should also implement such schemes to improve the quality of the information technology so that it helps more in economic growth.

Rahul Sunny answered 1 year ago
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