The post-industrial economy
I can describe the features of a post-industrial economy.
- Year 11
- AQA
The post-industrial economy
I can describe the features of a post-industrial economy.
Lesson details
Key learning points
- The UK is moving towards a post-industrial economy.
- The development of information technology has contributed to a post-industrial economy in the UK.
- The growth of service industries, finance and research has contributed to a post-industrial economy in the UK.
- Science and business parks have contributed to a post-industrial economy in the UK.
Keywords
Post-industrial - an economic phase where employment in manufacturing is replaced by employment in services and knowledge economies
Financial services - a branch of industry that manages money and wealth, such as banking, insurance, fund management and taxation
Disposable income - money left over after someone has paid for their essentials such as food, bills and housing
Science park - an area of land dedicated to businesses specialising in science and technology
Common misconception
Research is not a form of industry because it does not involve trade.
Research is an industry because it creates wealth through innovation and knowledge which has value.
Equipment
Licence
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1.What does the term "post-industrial" refer to?
Q2.Which of the following industries is most likely to thrive in a post-industrial economy?
Q3."Disposable income" refers to:
Q4.What is a benefit of having higher levels of disposable income for people in a post-industrial economy?
Q5.Match the type of industry with its example.
Q6.Why are science parks important for a post-industrial economy?
Assessment exit quiz
4 Questions
Q1. is an economic phase where employment in manufacturing is replaced by employment in services and knowledge economies.
Q2.Match the key words and their definitions.
