1) Economic system 2) Economy 
• (n.) Devotion to industrial pursuits; labor; industry. • (n.) The principles or policy applicable to industrial pursuits or organized labor.
technology that powers sophisticated machinery with advanced sources of energy
In·dus'tri·al·ism noun 1. Devotion to industrial pursuits; labor; industry. J. S. Mill. 2. The principles or policy applicable to industrial pursuits or organized labor. « Industrialism must not confounded with industriousness.» H. Spencer. 
[n] - an economic system built on large industries rather than on agriculture or craftsmanship
noun an economic system built on large industries rather than on agriculture or craftsmanship
an economic organization of society built largely on mechanized industry rather than agriculture, craftsmanship, or commerce.