U.S. Manufacturing: Definition, Statistics, Outlook
8/6/2020·U.S. manufacturing is the transformation of raw materials into new products. Here are 5 reasons why it's declined over the last 40 years. Reasons for Decline The biggest reason for the decline is a shift to a service-based economy. Banking and other financial services expanded throughout the second half of the 20th century, and the healthcare sector has also grown.
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