Overall, the new economy presents a more secure employment and financial environment for families than was the case in the 1950s and 1960s when goods were manufactured.

Question

Quizplus · Accepted Answer

The new economy, characterized by rapid technological advancements and globalization, has led to increased job insecurity and income inequality compared to the more stable manufacturing-based economy of the 1950s and 1960s, where jobs were often more secure and provided better benefits.

Overall, the New Economy Presents a More Secure Employment and Financial