APFIVE Characteristics of Deindustrialization
Which of the following is NOT true regarding deindustrialization in First-World economies?
A
Deindustrialization is characterized by a shift from manufacturing to a service-oriented economy.
B
Deindustrialization leads to an increased reliance on manufacturing and natural resource extraction.
C
Many factory workers lost jobs as a result of deindustrialization, reflecting a structural economic shift.
D
The trend of deindustrialization has been partly driven by the outsourcing of manufacturing to off-shore locations.