Describe the change in the dominant economic sector during industrialization and during deindustrialization.
Question: Describe the change in the dominant economic sector during industrialization and during deindustrialization.
During industrialization, there is a shift from an agrarian or agricultural-based economy to a dominant industrial sector. Industrialization involves the growth of factories, mechanization, and the mass production of goods. The industrial sector becomes the primary driver of economic activity, contributing significantly to employment, production, and overall economic growth. However, during deindustrialization, there is a decline in the dominance of the industrial sector. Factors such as automation, outsourcing, and economic restructuring lead to a decrease in manufacturing activities and a shift towards a service-based economy. The service sector, including areas such as finance, technology, healthcare, and hospitality, becomes the dominant economic sector during deindustrialization. This transition reflects changes in the economic landscape and employment patterns as societies evolve and adapt to new economic realities.
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