Define the Term Deindustrialization and Discuss Two Factors That Are

question 37

Essay

Define the term deindustrialization and discuss two factors that are responsible for deindustrialization in the United States.

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Definitions:

Manufacturer

An entity engaged in the business of producing goods for sale, typically on a large scale, involving machinery and labor.

Tragedy Of The Commons

A situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, leading to long-term depletion or damage for all users.

Public Asset

Resources or properties owned by the government or a public entity, meant to provide benefits or services to the community.

Emerging Economies

Nations with social or business activity in the process of rapid growth and industrialization, often characterized by low but increasing gross domestic product (GDP).