Post-industrial economy
A post-industrial economy is a period of growth within an industrialized economy or nation in which the relative importance of manufacturing reduces and that of services, information, and research grows. Such economies are often marked by a declining manufacturing sector, resulting in deindustrialization, and a large service sector as well as an increase in the amount of information technology, often leading to an "Information Age"; information, knowledge, and creativity are the new raw materials of such an economy.