Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.
Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. Research has pointed to investment in patents rather than in new capital equipment as a contributing factor.
Source: Wikipedia "Deindustrialization" · CC BY-SA 4.0
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