Abstract
Industrial economics is a branch of economics that studies the behavior of firms and markets in an industrialized environment. The evolution of the concept of industrial economy in the United States of America (USA) and England can be understood by tracing the main stages and trends. The evolution of these concepts reflects major changes in economic structure, technology and economic thinking, marking the transition from a predominantly agrarian and manufacturing economy to one characterized by services, technology and globalization.
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More From: Annals of the Academy of Romanian Scientists Series on Economy, Law and Sociology
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