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Discuss the Reasons for the Decline of the Manufacturing Sector

question 113

Essay

Discuss the reasons for the decline of the manufacturing sector and the reasons for the tremendous growth in the service sector.


Definitions:

Representative Government

A form of democracy where citizens elect officials to create laws and policy on their behalf rather than making decisions directly.

Right to Vote

The legally guaranteed ability for individuals to participate in the electoral process, making decisions through casting ballots in public elections.

Capitalism

An economic system where private ownership and free markets govern trade and production with the primary goal of profit.

Business Enterprises

Business Enterprises refer to organizations engaged in commercial, industrial, or professional activities.

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