Structural changes occur when the economy undergoes a major organizational change or how it functions.

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Structural changes refer to significant changes in the organization or functioning of an economy. These changes could result from technological advancements, policy reforms, demographic shifts, or other major factors that alter the structure of the economy. Such changes could have a significant impact on the distribution of income and wealth, employment opportunities, productivity levels, and overall economic growth.

Structural Changes Occur When the Economy Undergoes a Major Organizational