SBI MAINS
Lately , the
media seems to have gone berserk in (1) everything
that pertains to the New Economy . Behind the great bulk of the articles on the
subjects are (2) assumptions . First, that the New Economy
businesses are likely to push Old Economy industries all the way into oblivion.
Second, that (3) about the new Economy is far superior to that of the Old Economy.
Both those emphatic assumptions could be (4) flawed. Physical products the
cornerstone of the old Economy are hardly likely to (5) out in important even
in the age of the internet. After all, the consumption of physical goods is
hardly going down . In everything from steel to automobiles (6) is only going
up. But above and beyond all this the New Economy also needs Old Economy
products to survive . You can sell goods on the internet after all, only if (7)
is producing those goods. Besides which, people still want all those Old
Economy goods.
As far as
the second point is concerned, the on big weakness abut the New Economy is
that it is (8) more volatile than the Old economy . The rate of evolution of
products the crux of the Old Economy will (9) always be slower than the rate of
the growth and proliferation of new ideas on any given subjects. And hence ,
the Old economy ( bossed on products) will always be relatively more (10) than
the new economy ‘bossed largely on ideas’.
SBI MAINS
Lately , the media seems to have gone berserk in (1) everything that pertains to the New Economy . Behind the great bulk of the articles on the subjects are (2) assumptions . First, that the New Economy businesses are likely to push Old Economy industries all the way into oblivion. Second, that (3) about the new Economy is far superior to that of the Old Economy. Both those emphatic assumptions could be (4) flawed. Physical products the cornerstone of the old Economy are hardly likely to (5) out in important even in the age of the internet. After all, the consumption of physical goods is hardly going down . In everything from steel to automobiles (6) is only going up. But above and beyond all this the New Economy also needs Old Economy products to survive . You can sell goods on the internet after all, only if (7) is producing those goods. Besides which, people still want all those Old Economy goods.
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