An example of a structural shift in the American economy over the past
forty years is the relative decline in manufacturing and the rise of service industries.

Question

An example of a structural shift in the American economy over the past
 forty years is the relative decline in manufacturing and the rise of service industries.

Quizplus · Accepted Answer

This shift reflects a broader transition from a primarily manufacturing-based economy to one that is more focused on services, including healthcare, education, finance, and technology, which has been a significant trend in the American economy over the past several decades.

An Example of a Structural Shift in the American Economy