Manufacturing Industry

ALSO CALLED: High Tech Manufacturing Industry, Industrial Equipment Industry, Engineering Industry, Manufacturing Services, Furniture Industry, Industrial Automation Industry, Manufacturing Industries, Machinery Industry, and Industrial Manufacturing Industry
DEFINITION: Planned obsolescence, also called built-in obsolescence, is the conception, design and production of a product, such as hardware or software, with the intent that it should be useful, functional or popular for a limited length of time. The term was coined in the 1950s by Brooks Stevens who suggested that new and improved products are in constant demand by consumers and that corporations can best respond  … 
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MANUFACTURING INDUSTRY DEFINITION (continued): …  by manufacturing items that don't last very long.In the computer industry, planned obsolescence occurs in a synergistic manner between the hardware and software sectors. New applications and operating systems (OSs) demand more memory, hard disk space, storage capacity and throughput. This demand leads to the development of improved memory technology, increasingly capacious hard drives and storage media and faster microprocessors. These developments, in turn, are followed by still more sophisticated applications and OSs, driving the cycle to continue. All of this is fueled by the geek's love of … 
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