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valentina_108
24 days ago
11

Areas that once had vast economic growth and large amounts of industry, but are now suffering from the effects of outsourcing ar

e going through a period of:_____________.
Business
1 answer:
harina [3.2K]24 days ago
7 0

Answer:

de-industrialization

Explanation:

Deindustrialization signifies a period in social and economic history characterized by a reduction or complete removal of the industrial sector within a specific area or nation, especially concerning manufacturing or mining sectors. It is essentially the reverse process of industrialization.

This phenomenon typically occurs when industrial activities are no longer deemed economically viable. It marks a stage where industrial growth diminishes or vanishes in a certain locale, often as a result of significant social or economic changes.

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