Question

The transition to an information economy was characterized by _____

group of answer choices
A. the rise of transnational media industriesan increasingly centralized and permanent work
B. forcean emphasis on mass rather than niche markets
C. the ever-increasing power of labor union movement
D. sintense product rivalry between one country and another

Answer 1

The transition to an information economy is defined by globalization, advancements in communication and information technology, and shifting from manufacturing to service industries.

Step-by-step explanation:

The transition to an information economy was characterized by several prominent trends. Notably, the advent of globalization and advancements in communication and information technology have transformed traditional economies. A stark shift from manufacturing to service industries marked this transition, as fewer people became necessary to work in factories due to automation and the outsourcing of jobs to countries with cheaper labor markets.

Concurrently, the rise of the Internet and digital media has led to industries that thrive almost solely online. In lieu of these trends, niche markets gained prominence over mass markets due to the ability of consumers to access goods and services from anywhere in the world, increasing competition in various sectors.

The transition to an information economy was characterized by several factors:

1. The rapid increase in computer use: Computers became more prevalent in daily life, leading to a decrease in the need for factory workers. Jobs were outsourced to countries with lower labor costs, and industries started operating online.
2. The growth of the Internet: The Internet created industries that exist mainly online. For example, the music and film industries shifted from producing physical products to digital content.
3. The commodification of information: Information and the ability to use it creatively became valuable commodities in the postindustrial economy.