Old Economy

A term for the old blue chip industries that enjoyed fabulous growth during the early parts of the century as industrialization around the globe, and particularly in the United States, expanded. Since the new economy has arrived, old economy companies have still experienced growth, but at a declining rate.

The old economy contrasts with the new economy, where technological innovation is key. Although old economy firms have been changed dramatically by technology, there is a limit to how much technology can continue to improve the industry.

Industries that are commonly considered to be involved in the old economy are energy, steel, and automobile manufacturers.

Investment dictionary. . 2012.

Look at other dictionaries:

  • old economy — old e conomy n [singular] also the Old Economy an economic system that is based on older types of industry such as steel, energy, and machinery ▪ Is the Old Economy really dead? >old economy adj [only before noun] ▪ old economy practices …   Dictionary of contemporary English

  • old economy — noun The part of the economy based on traditional industries and the production of physical goods (cf ↑new economy under ↑new) • • • Main Entry: ↑old * * * old economy UK US noun [singular] economics the economy that is based on traditional… …   Useful english dictionary

  • old economy — /old eˈkɔnomi, ingl. əuld ɪˈkonəmɪ/ [loc. ingl., propr. «vecchia (old) economia (economy)»] loc. sost. f. inv. CONTR. new economy (ingl.) …   Sinonimi e Contrari. Terza edizione

  • old-economy — oldˈ economy adjective • • • Main Entry: ↑old …   Useful english dictionary

  • Old Economy — Infobox nrhp2 | name =Old Economy, Pennsylvania, USA nhld=yes caption = The Rapp house in Old Economy Village, Pennsylvania. location = Beaver County, Pennsylvania, USA nearest city= Ambridge, Pennsylvania lat degrees = 40 lat minutes = 35 lat… …   Wikipedia

  • Old\ Economy — Bezeichnung für die traditionelle Wirtschaft. Im Gegensatz zur New Economy, die sich mehr oder weniger erfolgreich dem e business verschrieben hat, befaßt sich die Old Economy mit herkömmlichen Produkten; vor allem besitzt sie plausible und… …   Online-Wörterbuch Deutsch-Lexikon

  • Old Economy — Old Eco|no|my [ oʊld ɪ kɔnəmɪ ], die; [engl. = alte Wirtschaft(sweise)]: traditionelle Wirtschaft (z. B. Maschinenbau, Chemie od. Automobilindustrie) u. ihre theoretische Grundlegung im Unterschied zur ↑ New Economy: die gelegentlich schon… …   Universal-Lexikon

  • old economy — old e,conomy noun singular the economy that is based on traditional methods of doing business rather than on Internet business activity …   Usage of the words and phrases in modern English

  • Old Economy — Old Eco|no|my [ ɪ kɔnəmi ], die; <englisch> (traditionelle Wirtschaft im Gegensatz zur New Economy) …   Die deutsche Rechtschreibung

  • old economy — /oʊld əˈkɒnəmi/ (say ohld uh konuhmee) noun (sometimes upper case) an economy based on manufacturing. Compare new economy …   Australian English dictionary

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