Final answer:
Post Industrial economies are information societies where knowledge and O IV. communication networks take precedence over physical goods and transportation. Power is held by those who manage information, with society members working in service sectors like software programming. Globalization and advancements in telecommunications support this shift.
Step-by-step explanation:
In a Post Industrial economy, which is characterized as an information society, the mode of connection between people and markets is primarily through wired or wireless communication networks. These networks replace the role of transportation as the major mode for economic transactions. The economy of information societies is driven by knowledge rather than material goods, situating power with those who manage the storage and distribution of information. With digital technology as the linchpin, similar to the steam engine during the Industrial Revolution, the economic landscape is shaped by figures likened to the industrial magnates of the past, such as Steve Jobs and Bill Gates.
As industries transform, becoming more focused on the service sector, roles such as software programmers and business consultants have become increasingly common. Globalization and advancements in telecommunications have facilitated this shift, enabling information-based products and services to be traded with ease globally.
The cultural landscape too shifts in this transition towards postindustrialism and postmodernity, where personal identity becomes more individualistic, differentiated by personal tastes, and social classes are divided based on access to education and technical skills which are crucial for success in such a society.