Which of the following is true of deindustrialization?

Question

Quizplus · Accepted Answer

Deindustrialization refers to the decline of manufacturing industries in a particular region or country. This decline has been accelerated by globalization, as companies move their operations to countries with lower labor costs and fewer regulations. Option A is incorrect because deindustrialization refers to a decrease in manufacturing activities, not an increase. Option B is incorrect because inshoring refers to bringing manufacturing jobs back to a country, not the decline of manufacturing industries. Option C is incorrect because deindustrialization is about companies spending less on people as they move their operations overseas to take advantage of lower labor costs.

Which of the Following Is True of Deindustrialization