Revolutions have occurred through human history and vary widely in terms of methods, duration, and motivating ideology. Their results include major changes in culture, economy, and socio-political institutions.
Era of revolution can broadly classified into four stages
Industrial revolution is the most important development since the domesticator of the animals and adoption of agriculture. Largest mechanization took place and many entrepreneurs came up into the lime light.
Great Depression, after World War 1, economy of all the nations has dismayed. Most of the entrepreneurs have lost their wealth and very few of them had fortune to turn into millionaires.
Second stage of industrial revolution occurred which has advanced the USA in atomic, Space and Jet sciences. It created tremendous wealth to the privileged few organizations.
Digital revolution happened in the early 2000’s which has opened up doors for many entrepreneurs leaving them wealthy.
The traditional economy has good earnings, but digital economy has great earnings with job security and high paid salaries which have changed the social status of employees, improving the society.