: the Information Age and its wider implications

What is the Information Age?

Internet Business: Profit from the Web
Industrial Age

The Industrial Age

  • Characteristic of the industrial age were centralization and control.
  • People needed to be physically close to the machines they operated.
  • Entrepreneurs invest capital, assume risks, control workers, reap rewards.
  • Workers wages do not reflect the profits they earned for their employers - hence the need for control.
  • Workers are controlled by various layers of management.

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