History, asked by AnirudhRathore, 1 year ago

What is the deindustrialization? please explain ☺☺☺

Answers

Answered by Aayushi2003
1
The process of social and economic change which is due to the reduction in industrialcapacity or the activities of a country's manufacturing and heavy industry.automobiles, though of course those came later.

Well, deindustrialization is just the opposite. It's a process in which the industrial activity in a country or region is removed or reduced because of a major economic or social change. There are many reasons why this can happen.

Overall, deindustrialization usually occurs because a particular industrial activity is no longer economically viable. For example, maybe a region containing lots of steelworks can no longer compete with cheaper steel from abroad. When that happens, those steelworks are forced to go out of business. It can also happen simply because the focus of a society changes. Perhaps fewer people want to work in a particular industry anymore, or the pollution created by the industry is no longer desirable, and so there are no longer any economic incentives provided by the government. One common thing that happens to many societies is that they go through an industrial period and, as the wealth of the country or region increases, the emphasis shifts to services and more luxury goods.

i hope it will help you


Answered by Anonymous
1
Deindustrialization or deindustrialisation 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 heavy industry or manufacturing industry.
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