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Define the Term Deindustrialization and Discuss Two Factors That Are

question 21

Essay

Define the term deindustrialization and discuss two factors that are responsible for deindustrialization in the U.S.


Definitions:

Plant Manager

A professional who oversees all operations of a manufacturing facility, including personnel, production processes, and budget management.

Salary

A fixed regular payment, typically expressed as an annual amount, made by an employer to an employee, especially a professional or white-collar worker.

Product Cost

The total expense incurred to produce a product, including costs directly tied to manufacturing such as raw materials and labor, differentiated by highlighting its importance in pricing and profitability analysis.

Insurance Expired

The point at which an insurance policy reaches its end date and is no longer in effect unless renewed.

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