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Wiktionary
deindustrialization

alt. the loss or deprivation of industrial capacity or strength n. the loss or deprivation of industrial capacity or strength

Wikipedia
Deindustrialization

Deindustrialization or deindustrialisation is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially heavy industry or manufacturing industry. It is the opposite of industrialization.

Usage examples of "deindustrialization".

They may not be able to discourse on the process of deindustrialization, but they know that people who smugly order them to “get a job” are living in never-never land and imagining a world of work that hasn’t existed in decades.