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Economists view the recent layoffs in Cleveland as a crucial step in the city's transition towards a service-oriented economy. As traditional manufacturing jobs decline, the workforce is being forced to adapt and reskill for roles in sectors such as healthcare, technology, and retail. This final readjustment reflects broader national trends, where cities are increasingly shifting away from manufacturing to meet the demands of a modern economy. Ultimately, this transition aims to create a more resilient economic landscape for Cleveland's future.
What else can I help you with?
What do economists call exchanging one good or service for another?
When you trade one service for another it is called bartering.
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
What is the contribution of service sector to the economy of Tanzania?
Contribution of the Service in Indian Economy?
The importance of community service in the Nigeria economy?
what are the importance of community service to nigeria economy
What is experience economy?
next economy following the agrarian economy, the industrial economy, and the most recent service economy.
What type of economy does Hawaii have?
The state of Hawaii has a service economy. In fact most of the United States is has a service based economy.
What type of economy Croatia have?
a service bassed open market economy
Is the US a service economy?
More and more, yes, the US is a "service" economy. We don't manufacture much any longer.
What does it mean to say the US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What does it mean to say US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What caused the Service man's readjustment act?
The Servicemen's Readjustment Act, commonly known as the G.I. Bill, was enacted in 1944 in response to the challenges faced by returning World War II veterans. The act aimed to support their reintegration into civilian life by providing benefits such as education funding, low-interest home loans, and unemployment compensation. The need for this legislation arose from concerns about potential unemployment and social disruption if millions of veterans returned to a struggling economy without adequate support. Ultimately, the G.I. Bill significantly contributed to the expansion of the American middle class and the post-war economic boom.
How do you achieve economy in transportation by maintaining almost same service level?
How do you achieve economy in transportation by maintaining almost same service level
