the old economy

the old economy
the old economy UK US noun [S]
ECONOMICS traditional industries such as manufacturing, considered as a group: »

Examples of members of the old economy include the steel, automobile, and energy industries.

»

Some ignored the tech boom by investing in old-economy companies such as breweries.

Compare THE NEW ECONOMY(Cf. ↑the new economy)

Financial and business terms. 2012.

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