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Owing to desktop computers, laptop computers, smart phones, tablets, smart televisions, the Internet, digital publications and satellite television and radio, in addition to traditional media vehicles like newspapers, magazines, books and terrestrial radio and television, advanced economies are frequently being termed information economies.

Not too long ago, certain economies were termed industrial or post-agrarian. Prior to that, they were identified as agrarian economies. Further back still, there existed less formal economies, principally composed of hunter/gatherers. To be certain, an economy can carry one label yet still have a strong component more identified with an earlier time.

Time marches on and societies change. Success is predicated on being able to change with the times, while maintaining practices from bygone eras that continue to work well.

Written by Jay Bildstein on February 19, 2015 @ 8:20 pm


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