___________refers to the closing of plants and factories because of their obsolescence or because workers in other nations are being hired to do the work more cheaply.

Question

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Deindustrialization refers to the decline or closing of factories and plants due to various reasons, such as obsolescence or relocation to countries where labor is cheaper. The term indicates a shift from industrial production to a service-based economy.

___________Refers to the Closing of Plants and Factories Because of Their