Industries in Decline Exhibit Attributes Such as Decline in Demand

question 47

True/False

Industries in decline exhibit attributes such as decline in demand, aggressive price competition, and lack of technical change

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Definitions:

Neolithic Society

Refers to the later part of the Stone Age, when human societies began to practice agriculture and settle in permanent communities, leading to the development of complex societies.

Bronze Tools

Tools made from bronze, an alloy consisting primarily of copper, often used in the early periods of human civilization for their durability.

Megaliths

Large prehistoric stone monuments, often arranged in circles or aligned with astronomical phenomena, found throughout the world and associated with ancient ceremonial and burial practices.

Lascaux

A complex of caves in southwestern France famous for its Paleolithic cave paintings estimated to be up to 20,000 years old, showcasing early human art.