Question

What do you understand by `structural change’? explain with examples other than those in the text.

Answer 1

In economics, structural change is a shift or change in the basic ways a market or economy functions or operates. ... For example, a subsistence economy may be transformed into a manufacturing economy, or a regulated mixed economy may be liberalized.

Answer 2

Hey mate here is your answer ⤵⤵


A market or a economic functions operates.



For ex. -》 A subsistence economy may be transformed into a manufacturing economy.


I hope it helps u✌✌