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Define Deindustrialization, and Discuss the Impacts on 1) Individuals 2)

question 33

Essay

Define deindustrialization, and discuss the impacts on 1) individuals 2) communities, and on 3) economic conditions.


Definitions:

Entrepreneurial Firm

A business entity that focuses on innovation, new market exploration, and venture creation.

Mature Industry

An industry that has experienced long-term growth and development, characterized by high levels of competition and little growth potential.

Weak Ties

Refers to the relationships or connections in a social network that are not closely bonded, often considered more casual or distant acquaintances, yet can provide new insights and opportunities.

Systems Thinking

An approach to problem-solving that views complex systems as wholes rather than breaking them down into parts.

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