Question

How gideon gono defines industral
Economy 2007

Answer 1

Gideon Gono defines industrial economy as “an economy that is characterized by the production of goods and services through the use of technology, machinery, and other forms of capital. It is an economy that is driven by the use of technology and capital to increase productivity and efficiency.” He further states that “industrial economies are characterized by the use of capital and technology to increase the production of goods and services, and to reduce the cost of production.”