What is a structural change?

Structural change is a basic shift in the way the economy works. This type of change completely changes the way the economy has worked, and can have both positive and negative impacts on individuals and companies involved in change. Structural change can also cause the economy to become more robust and more advantageous or fall to a less profitable economic system. The factors that can influence the economy in terms of its structure include the availability or lack of goods and work, technological progress, war, natural disasters and various other factors. The factory work has replaced the existential economies that existed in many countries, and people often moved from rural areas to cities to work in factories for higher wages. Similarly, the development of the Internet has caused extensive changes in the way of the economies. Companies often use the Internet to facilitate communication and transfer of goods and services, while these tasks were previously completed using technologies that were slower and now behindcare or no longer using. The concept of recovery without work is a newer example. As companies they enter jobs in other regions or countries, they are able to maintain profitable margins. At the same time, local economies are changing because workers are still unable to find jobs.

Structural change in the economy may be intentional or unintentional. A modern example of an attempt to deliberate structural change is the pressure of governments to cross nations to alternative forms of energy. If the oil industry should be replaced by alternative technologies, this could lead to extensive structural changes in how economies work, especially in advanced countries. An example of an unintentional change is the lengthy drying of crop failure. If the region is unable to grow enough food to support its population, the economy could move to produce more business goods to import food and more oneThe ties could try to grow their own food to replace the shortage.

Working mobility can cause a structural change in the economy. Workers often decide to move to another region if they benefit from their economic or career situation. High real estate taxes, high living costs and expensive goods often make it attractive for workers to move to a new location. If this happens enough, this may cause lack of work in the original city or region. This in turn can force companies to change the way it does business, and eventually there is a structural change when the economy adapts to shortages and businesses take over new ways of operation.