5 Analyse the advantages of deindustrialization. [6]

[Sir Afzal Shad]

Q5 Analyse the advantages of deindustrialization. [6]

Possible Structure:
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]

[khuram khan]

{KN} More employment opportunities
{AN} Due to a reduction in the capital-intensive methods now the firm has to employ more people for the production of goods and services and so this gives the labour force an incentive to work and increase their disposable income
{AN+} Thus due to the larger section of the labour force getting employed the incomes in the economy would rise and the ability of consumers to buy more increases leading to a rise in the standard of living.

{KN} lower cost of production for business
{AN} Since the business cuts down on the capital-intensive methods they now have a wider pool of labour to choose from and also give them the chance to employ a large number of labour very cheaply which reduces the total cost of the business
{AN+} Moreover due to the lower cost of production the business can charge a lower price for their product and the consumer enjoys lower prices as a result

[Syed Raza]

[KN] Technological Advancement
[AN] Technological advancement in the manufacturing sector. This can lead to greater efficiency, higher productivity, and better-quality products.
[AN+] thus leading to greater output and efficiency level increases.

{KN} More Jobs being created
{AN} There would be reduction in capital intensive methods so there would be wide range of labour available and production of goods and services increases
{AN+} thus living standards of people increases as products would be available at a cheaper rate.

[Humzah Zafar]

[KN]More jobs for workers in the tertiary sector
[AN] De-industrialization is when there is a decrease in capital intensive businesses which means that businesses will be more willing to hire workers.This will give the unemployed labour force an incentive to look for jobs
[AN+]Thus this decrease in unemployment will improve standard of living of people and will lead to economic growth in the economy

[KN]Less damage to environment
[AN]As less heavy machinery will be used,less pollution will be created.This pollution could have led to health hazards for workers as smoke from heavy machinery can damage their lungs
[AN+]Thus having more labour instead of machines may lead to a safer work environment which may lead to higher productivity

[Ahmed Zunair]

[KN] increase in employment
[AN] de-industrialization will result in the business hiring more workers.
[AN+] Thus this will decrease unemployment and it will improve the standards of living.

[KN] Lower Costs
[AN] Since the business cuts down on using machinery they now have physical labour to hire very cheaply which reduces the total cost of the business
{AN+} With lower costs of production the business can start charging lower prices this will lead to an increase in sales and hence an increase in total revenue.

[Kumail Alvi]

[KN] Employment rate increases
[AN] De-industrialization will push businesses to move from capital-intensive to labor-intensive methods.
[AN+] Thus this will increase the employment rate and improve living standards and the productivity and efficiency of businesses will rise.

[KN] Fall in Cost of production.
[AN] Firstly, when businesses switch from capital-intensive to labor-intensive it will reduce the costs of running machinery, and as workers become available; the cost will further fall.
[AN+] Thus lowering costs and allowing businesses to spend on other expenses of business.

[Salman Khalid]

[KN]it improves the quality of life
[AN] this is because it creates less pollution for example noise, air etc
[AN+] this leads to better mental and physical health for the community whcih ultimately resuces health costs

[KN] it helps employment increase
[AN] this is because some industries would use machineries and less labour, with deindustrialisation it causes them to shift to labour intensive
[AN+] this can improve the living standards of people which increases their consumption and helps the economy grow

[Syed Mustafa Ali]

[KN] Environmental Improvement
[AN] Due to a reduction in heavy industrial activities pollution will decrease and improve the water and air quality.
[AN+] This will result in people having better health and so less chances of being sick. Due to this the productivity of people will increase.
[KN] Increased Flexibility
[AN] A more diverse and flexible economy can be better equipped to adopt to changes in market conditions and technological advancements.
[AN+] This adaptability can lead to great adjustability.

[Ibrahim Aamir]

[KN] Environmental Improvement
[AN] Due to a reduction in heavy industrial activities pollution will decrease and improve the water and air quality.
[AN+] Positive effects on people healthcare and lead to a strong and fit labour force.
[KN] Increased Flexibility
[AN] A more diverse and flexible economy can be better equipped to adopt to changes in market conditions and technological advancements.
[AN+] This adaptability can lead to great adjustability.

Point 1 [AN] and [AN+] ??

[Ibrahim Aamir]

[KN] Improving life quality
[AN] less amount of pollutions as less firms producing
[AN+] this would improve health in the country

[KN] more jobs being created
[AN] there would be an reduction in capital intensive firms which would lead to an higher job operations
[AN+] thus high employment

[Syed Mustafa Ali]

[KN] Environmental Improvement
[AN] Due to a reduction in heavy industrial activities pollution will decrease and improve the water and air quality.
[AN+] Positive effects on people healthcare and lead to a strong and fit labour force.
[KN] Increased Flexibility
[AN] A more diverse and flexible economy can be better equipped to adopt to changes in market conditions and technological advancements.
[AN+] This adaptability can lead to great adjustability.

Point 1 [AN] and [AN+] ??

Done

[Hadia Zia]

[KN] Creation of jobs in the economy.
[AN] Shifting to labor intensive methods will create more job opportunities which will increase the willingness and ability of people to work. This will increase productivity efficiency and employment.
[AN+] Thus this will lead to improved SOL and will revive domestic demand which will encourage further economic growth

[KN] New and creative ideas.
[AN] By a shift from capital to labor intensive , the workers may give ideas to the business which can enhance their box of knowledge. This will ensure business growth in a profitable manner.
[AN+] Moreover implementation of unique and creative ideas can create a strong marketing position of the business and it may become the market leader.

[Talha Asim]

(Kn) More environment friendly (an) since the factories produce high amounts of pollution it can really harm the environment (an+) thus deindustrialising can lower it due to shift away from the secondary sector thus improving sustainability.

(Kn) job opportunities will arise (an) since secondary sector uses a capital intensive method of production deindustrialising will open up alot of opportunities for the labour (an+) this will improve their standard of living as their purchasing power increases since the tertiary sector involves skill based jobs which are paid higher.

[Ayesha imran]

[kn] deindustrialization leads to an increase in uneployment as ttertiary sector businesses require less workers comparitively especially those which are unskilled
[an] lowers wages of unskilled labour due to bieng abundant in supply
[an+] decreases cost of production for manufacturing firms
[kn] tertiary sector businesses pollute less and have lower external cost
[an] therefore government does not impose barriers to production niether imposes excise duties to internalize externalities
[an+] no unnecessary increase in cost of production enabling businesses to charge stable prices

[Sodais sajid]

KN: Environmental Improvement
AN: Reduced industrial production can lead to a decrease in pollution and resource consumption
AN+: potentially improving the environment and quality of life in urban areas
KN: Opportunities for Small Businesses
AN: Deindustrialization can create opportunities for small businesses and startups to thrive in service sectors
AN+: promoting entrepreneurship and local economic development