An Increase in Output, as a Result of Improvements in Production

question 30

True/False

An increase in output, as a result of improvements in production techniques, helped usher in the marketing era in the 1950s.

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Definitions:

Deindustrialization

Term describing decline of manufacturing in old industrial areas in the late twentieth century as companies shifted production to low-wage centers in the South and West or in other countries.

U.S. Economy

The economic system of the United States, characterized by a mixed economy with significant levels of both private and public sector activity.

1970s

A decade known for significant cultural, political, and technological changes worldwide, including the end of the Vietnam War and the beginning of the environmental movement.

Manufacturers

Entities engaged in the industrial production of goods, transforming raw materials into finished products on a large scale.