New Economy
Categories: Econ
Well, let's start with Old Economy. Building railroads and infrastructure to service them. Building homes and roads. Steel. Oil. Mining. Logging. Natural resource harvesting. All old. Been around for over a century, maybe a millennia.
So what's New Economy? Service things. Things revolving around cell phones and value-added mapping. Cybercurrency. Drugs that cure things without killing you. Hair growth formula. Definitely New Economy.
Apple? New. GE? Old. Amazon? New. Walmart? Old.
Okay, you get it.