Characteristics of Deindustrialization
Which of the following is an inaccurate statement concerning deindustrialization in developed economies?
A
Deindustrialization is characterized by a shift from manufacturing to a service-oriented economy.
B
Many factory workers lost jobs as a result of deindustrialization, reflecting a structural economic shift.
C
Deindustrialization leads to an increased reliance on manufacturing and natural resource extraction.
D
The trend of deindustrialization has been partly driven by the outsourcing of manufacturing to off-shore locations.
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