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