industrial economy
Production-driven market structure
An industrial economy is one where manufacturing and large-scale production dominate over agriculture or services.
The term typically describes economies during or after industrialization, when factories, mechanized production, and wage labor became central: Britain was the first industrial economy.
The phrase often contrasts with pre-industrial (agrarian) or post-industrial (service-based) economies.
- assembly lineSequential workstation manufacturing
- assembly plantFacility for manufacturing goods
- shop floorIndustrial production workspace
- raw materialsUnprocessed production inputs
- capitalismPrivate profit-based economy
robber barons · pollution · carbon footprint · automation · fossil fuels · labor rights · globalization · supply chain · rust belt · trade unions · climate change · wage labor · sweatshop labor · factory system · blue collar · nine to five · steel · division of labor
- economiesprivate sector, public sector, developing nation, emerging market, first world
- Northeast MexicoMonterrey, Tamaulipas, cabrito, machaca, flour tortillas
industrial economyagrarian economy
Agriculture-dominated financial structure
agricultural economy · subsistence economy · service economy · knowledge economy · information economy
industrial, economy, industry, industries, industrious, industriously, industrialize, industrialized, industrialization