Starter quiz
- What does the term "post-industrial" refer to?
- A time before industrialisation
- An economy focused on manufacturing and factories
- An economy that moves away from manufacturing to services and technology ✓
- An economy based only on agriculture
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- Which of the following industries is most likely to thrive in a post-industrial economy?
- Steel production
- Textile manufacturing
- Financial services ✓
- Coal mining
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- "Disposable income" refers to:
- The money left after paying for essentials such as food, bills and housing ✓
- The income a person gets from selling goods
- Money that a company spends on raw materials
- Income that is spent on necessities only
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- What is a benefit of having higher levels of disposable income for people in a post-industrial economy?
- They spend all their money on essentials
- They have a bad quality of life
- They can spend money on goods, services, and leisure activities ✓
- They can save money for the future ✓
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- Match the type of industry with its example.
- primary sector⇔mining ✓
- secondary industry⇔textile industry ✓
- tertiary industry⇔doctor ✓
- quaternary industry⇔ICT ✓
- Why are science parks important for a post-industrial economy?
- They create new factories for manufacturing
- They help businesses develop new technologies and innovations ✓
- They provide agricultural products for the economy
- They are used for tourism and leisure activities
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Exit quiz
- ______ is an economic phase where employment in manufacturing is replaced by employment in services and knowledge economies.
- 'Post-industrial' ✓
- Match the key words and their definitions.
- financial services⇔a branch of industry that manages money and wealth ✓
- disposable income⇔money left over after someone has paid for their essentials ✓
- science park⇔land dedicated to businesses specialising in science and technology ✓
- Which of the following are features of working in the science and research industry?
- low pay
- working with highly skilled individuals ✓
- state-of-the-art workplace ✓
- access to docks to transport goods
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- ______ services have seen dramatic changes in the post-industrial era as banks get larger and more global.
- 'Financial' ✓
Worksheet
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Lesson Details
Key learning points
- The UK is moving towards a post-industrial economy.
- The development of information technology has contributed to a post-industrial economy in the UK.
- The growth of service industries, finance and research has contributed to a post-industrial economy in the UK.
- Science and business parks have contributed to a post-industrial economy in the UK.
Common misconception
Research is not a form of industry because it does not involve trade.
Research is an industry because it creates wealth through innovation and knowledge which has value.
Keywords
Post-industrial - an economic phase where employment in manufacturing is replaced by employment in services and knowledge economies
Financial services - a branch of industry that manages money and wealth, such as banking, insurance, fund management and taxation
Disposable income - money left over after someone has paid for their essentials such as food, bills and housing
Science park - an area of land dedicated to businesses specialising in science and technology
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