Fundamental changes in the economy resulting from technological breakthroughs,globalization,and capital flight describes __________.

Question

Quizplus · Accepted Answer

The structural transformation of the economy refers to the fundamental changes in the economy resulting from technological breakthroughs, globalization, and capital flight. It reflects shifts in the composition of output and employment, changes in consumer demand, and the emergence of new industries and products. Options A, C, and D do not capture the full scope of these changes.

Fundamental Changes in the Economy Resulting from Technological Breakthroughs,globalization,and Capital