Explain the term 'deindustralisation
Answers
Answer:
De-industrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. There are different interpretations of what de-industrialization is.
Answer:
De-industrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry.
⭐The historical de-industrialisation processes observed in the British colonies such as India are said to be a product of the British rule.
Deindustrialization and job cuts often lead to long periods of unemployment, intermittent employment and increased underemployment, and the effects transcend simply the loss of pay, medical benefits and purchasing power.