What is the correct ordering of the industrial activity as explained by Kondratiev longwaves of economic activity?
A) (1)Textiles; (2)Railroads & iron; (3)Automobiles, electricity & chemicals; (4)Petrochemicals and aerospace; and (5)Information
B) (1)Railroads & iron; (2)Textiles; (3)Automobiles, electricity & chemicals; (4)Petrochemicals and aerospace; and (5)Information
C) (1)Railroads & iron; (2)Textiles; (3)Petrochemicals and aerospace; (4)Automobiles, electricity & chemicals; and (5)Information
D) (1)Textiles; (2)Railroads & iron; (3)Petrochemicals and aerospace; (4)Automobiles, electricity & chemicals; and (5)Information
E) (1)Textiles; (2)Automobiles, electricity & chemicals; (3)Railroads & iron; (4)Petrochemicals and aerospace; and (5)Information

Question

Quizplus · Accepted Answer

Kondratiev waves, also known as long waves, are cycles of economic activity identified by Nikolai Kondratiev. The correct ordering starts with textiles, which were prominent in the early stages of the Industrial Revolution, followed by railroads & iron, then automobiles, electricity & chemicals, next petrochemicals and aerospace, and finally the information technology sector. This sequence reflects the evolution of industrial focus and technological advancements over time.

What Is the Correct Ordering of the Industrial Activity as Explained