Economic restructuring refers to significant changes in the way an economy operates, often involving shifts in the industrial base, labor markets, and economic policies. These changes can occur due to various factors, including technological advancements, globalization, changes in consumer preferences, government policies, or economic crises. Economic restructuring can manifest in different forms, including: 1. **Sectoral Shifts**: The decline of certain industries (e.g., manufacturing, coal) and the growth of others (e.g.
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