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10-09-2019
Business

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The state of Texas used to experience large-scale booms and busts related to price fluctuations within the petrochemical industry. Recently, however, the business climate has attracted many different types of companies to the state, and, as a result, the state has experienced _________ that has allowed other industries to take a more prominent role in Texas's economy.

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ofentsemaphalla ofentsemaphalla

13-09-2019

Answer:

Economic Diversification

Explanation:

The method of moving an economy away from the central source of revenue to various sources from a increasing spectrum of industries and markets is called Economic Diversification.

As a strategy for encouraging favorable financial growth and development, it has traditionally been implemented.

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