Economic Transition

Deindustrialization
Deindustrialization refers to the decline or elimination of industrial activity in a region or economy, often due to technological advancement, economic factors, and globalization. This phenomenon has impacted various industrial sectors, including steel, automotive, and electronics in the United States.
Mature Economy
A mature economy refers to the economy of a nation whose population has stabilized or is declining and whose economic growth is no longer robust.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.