Weightless economy

Weightless economy,

Definition of Weightless economy:

  1. The term "weightless economy" refers to the portion of the economy concerned with intangible products and services, such as software or professional services. Other terms, such as "post-industrial economy" or "new economy," are also used.

  2. A term to describe a post-industrial economy that relies on information technology and telecommunications to produce high value output of exchangeable information, knowledge and other intangible goods. Information-based output contributes an increasing percent of gross national product and offers both emerging and developed economies a high potential for growth.

  3. The concept of the weightless economy is based on the following fact: due to the rise of information technology, it is now possible to deliver products and services to large numbers of customers, and across large distances, without needing to manufacture or distribute those products and services using physical labour and machines.

How to use Weightless economy in a sentence?

  1. A weightless economy is one that is characterized by intangible products and services. Similar terms include "post-industrial economy" and "new economy.".
  2. The weightless economy is made possible by information technology and intellectual property laws. It enables new companies to bring products and services to market with relatively low upfront costs.
  3. For successful companies, the weightless economy can allow for very low marginal costs, which in turn allows for very high profit margins.

Meaning of Weightless economy & Weightless economy Definition

Weightless Economy,

Weightless Economy Meanings:

  • You can define Weightless Economy as, The term weightless economy refers to the part of the economy that deals with unusable products and services, such as software or professional services. Other terms are also used, such as post-industrial economy or new economy.

    • A weightless economy is an economy characterized by unusable products and services. Similar conditions include the post-industrial economy and the new economy.
    • A weightless economy is made possible by information technology and laws that protect intellectual property. This allows startups to market their products and services at a relatively low cost.
    • For a successful business, weight savings can allow for very low backlog costs, which in turn allows for very lucrative margins.

Literal Meanings of Weightless Economy

Weightless:

Meanings of Weightless:
  1. Does not work under gravity (an object, especially in the axis around a spacecraft).

Sentences of Weightless
  1. His body began to feel light and he slowly landed on his hands and knees.

Synonyms of Weightless

easy to lift, weighing very little, not heavy, lightweight

Economy:

Meanings of Economy:
  1. Wealth and resources of a country or region, especially those related to the production and consumption of goods and services.

  2. (Of a product) that offers a good value for money.

Sentences of Economy
  1. The global economic slowdown has weakened demand for Japan's high-tech exports, forcing manufacturers to cut back on their output.

Synonyms of Economy

thrift, restraint, resources, scrimping and saving, economizing, care, canniness, fuel-saving, thriftiness, good husbandry, careful budgeting, abstemiousness, scrimping, good management, wealth, frugality, carefulness, financial resources, saving, providence, prudence

Weightless Economy,

Weightless Economy: What is the Meaning of Weightless Economy?

  • Definition of Weightless Economy: The term weightless economy refers to the part of the economy that is affected by unsupported products and services, such as software or professional services. Other terms are also used, such as post-industrial economy or new economy.

    • A weightless economy is an economy characterized by inefficient utilities and services. Similar conditions include the post-industrial economy and the new economy.
    • Information technology and laws protecting intellectual property have made a weightless economy possible. This allows startups to market their products and services at relatively low advance prices.
    • For successful companies, a weightless economy can allow for very low shipping costs, resulting in huge profits.

Literal Meanings of Weightless Economy

Weightless:

Meanings of Weightless:
  1. (An object, especially in an orbiting spacecraft) does not appear to work under gravity.

Economy:

Meanings of Economy:
  1. The state of a country or region in terms of production and consumption and supply of goods and services.

Synonyms of Economy

parsimony, penny-pinching, (financial) resources, forehandedness, financial system, meanness, ■■■■■■■■■■■■■, stinginess, sparingness, frugalness, financial management, miserliness, financial state

Weightless Economy,

Weightless Economy:

The term weightless economy refers to trade in fine or abstract products and services such as consulting, software and professional services. A weightless economy sells ideas, information, experiences or services.

  • A weightless economy consists of intangible services and services.
  • The development of information technology has given the light economy a dominant role over traditional economic components such as manufacturing and distribution.
  • For business people, a weightless economy has provided an opportunity for rapid transition from their childhood dream to lucrative business.

Literal Meanings of Weightless Economy

Weightless:

Meanings of Weightless:
  1. (An object, especially in a rotating spacecraft) does not work under gravity.

Economy:

Sentences of Economy
  1. Advocates tax cuts to stimulate the economy.