How is weightless economy different from the old economy?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → It is primarily based on information and internet based services.
Option (1) There is no scope of agricultural produce. — Incorrect. The global economy is no longer primarily agricultural or industrial; that does not mean farming disappears, only that it is not the base.
Option (2) It is primarily based on information and internet based services. — Correct. The weightless economy is one in which products have their base in information: computer software, media and entertainment products and internet-based services. The old economy rested on agriculture and industry, on goods with weight.
Option (3) It involves physical distribution of light-weight goods. — Incorrect. ‘Weightless’ does not mean light goods; it means products that are not material at all, such as software, so nothing physical is distributed.
Option (4) It never involves heavy machinery work. — Incorrect. The difference lies in what the products are based on, information, not in a rule about machines; ‘never’ makes the statement too absolute.
NCERT (2025-26): “d. The Weightless Economy or Knowledge Economy In contrast to previous eras, the global economy is no longer primarily agricultural or industrial in its basis. The weightless economy is one in which products have their base in information, as in the case with computer software, media and entertainment products and internet-based services. A knowledge economy is one in which much of the workforce is involved not in the physical production or distribution of material goods, but in their design, development, technology, marketing, sale and servicing.…” |