Fourth Economy Era on Capital Intensive Production

Throughout the 20th century in industralised countries, the productivity of manufacturing had very much increased due to advances in technology, business organisation, law and banking. This saved much labour but required much larger capital investments.

While other forms of manufaturing and economic activities were being pursued, the main economic activity of the world was dominated by these productions that required very large capital investments, like production in petrochemical plants, pharmaceutical complex and wafer fabrication plants.

The above picture shows my oil painting depicting this economic era. It shows a complex petrochemical plant. Size 30 x 40 in. Click on the image to enlarge