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With the fall of the Iron Curtain and the transition of the countries of the
Eastern Block towards democratic government and market economies, the
idea of the post-industrial society is brought into importance as its role is to
mark together the significance that the service sector receives at the place of
the industrialization, as well the first usage of this term, some relate it to
Daniel Bell's 1973 book, The Coming of Post-Industrial Society, while other to social philosopher Ivan Illich's book, Tools for Conviviality. The term is
also applied in philosophy to designate the fading of postmodernism in the late
90s and especially in the beginning of the 21st century. But, the term came to
common usage to describe the growth of economies like the Chinese at the
period (the term is specifically used by Bill Clinton in a speech about Republic
of China in 1998).
Economic measures[edit]
GDP[edit]
The GDP - Gross domestic product of a country is a measure of the size of its
economy. The most conventional economic analysis of a country relies heavily
on economic indicators like the GDP and GDP per capita. While often useful,
it should be noted that GDP only includes economic activity for which money
is exchanged.
Informal economy[edit]
The terms "under the table" and "off the books" typically refer to this type of
economy. The term black market refers to a specific subset of the informal
economy. The term "informal sector" was used in many earlier studies, and
has been mostly replaced in more recent studies which use the newer term.
See also[edit]
Capitalism
Business ethics
Econometrics
Economic history (includes list by country)
Economic system
Economic equilibrium
Economic union
Ecological economics
History of money
List of economists
List of economic communities
List of free trade agreements
Non-market economics
Macroeconomics
Microeconomics
Socialism
Supply and demand
Thermoeconomics
World economy