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What do you mean by structural change?

Asked by Anonymous Oct 02, 2026 4 views 1 answers
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Answered Oct 06, 2026
A structural change refers to a fundamental, long-term, and permanent transformation in the underlying framework, organization, rules, or core operations of a system, economy, or institution, rather than a temporary or superficial adjustment. In economics, it describes a massive shift in industry sectors or employment patterns, such as transitioning from an agricultural economy to an industrialized manufacturing economy. In corporate management, it involves completely redesigning organizational hierarchies.
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