The process of social and economic change resulting from the reduction of industrial activity,especially manufacturing is called globalization.

Name: The process of social and economic change resulting from the reduction of industrial activity,especially manufacturing is called globalization.
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Quizplus · Accepted Answer

The process described in the statement is actually deindustrialization, while globalization refers to the increasing interconnectedness and integration of countries and cultures on a global scale.

The Process of Social and Economic Change Resulting from the Reduction