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Once Old Core Regions Deindustrialize and Suffer the Effects of Creative

question 126

True/False

Once old core regions deindustrialize and suffer the effects of creative destruction,they move to the periphery.


Definitions:

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Price

The amount of money expected, required, or given in payment for something.

Equilibrium Price

The price at which the supply of an item matches its demand, resulting in market stability.

Market

A venue or mechanism through which buyers and sellers interact to trade goods, services, or financial instruments.

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