Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

What caused a shift toward a service-based economy in the 1970s? deindustrialization export increases oil embargo stagflation

Sagot :

Deindustrialization caused a shift toward a service-based economy in the 1970's. Deindustrialization is the process of social or economic change due to a reduction in industrial activity. 

In the 1970s, the cause of a shift toward an economy on the basis of services was deindustrialization.

When was deindustrialization start?

Deindustrialization began in the year the 1970s and started in the country of the US at the first.

Industrialization is the scenario where there is industrial production and a shift from an agricultural society to a manufacturing society. The reverse concept of industrialization is called deindustrialization where industrial activity gets reduced and stopped.

Therefore, the process of deindustrialization causes an economy to shift toward service-based.

Learn more about the deindustrialization in the related link:

https://brainly.com/question/8390410

#SPJ2

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.