CLEP Intro to Sociology

Category - Economic Inst

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Mark lost his job when the local factory closed, so he decided to go to college and pursue a career in the service industry. What is the term for when an economy changes from a focus on manufacturing to a focus on services?

Industrialization
Globalization
Displacement
Deindustrialization
None of the above

Explanation

Answer: D - Deindustrialization is the process of conversion from an economy based upon manufacturing to one based upon services. This change is occurring rapidly in many Western nations. Some service industry jobs include bank teller, retail clerk, and software designer.

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CLEP Intro to Sociology

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