Traditional Culture Encyclopedia - Traditional virtues - Does a monolithic industrial structure necessarily lead to a backward economy and fewer jobs?

Does a monolithic industrial structure necessarily lead to a backward economy and fewer jobs?

Not necessarily. An economy with a single industrial structure does not necessarily lead to economic backwardness and fewer jobs. If the local industrial structure is single, but the development of this single industry is better, can provide enough jobs, and the level of economic development is also higher, then this single industrial structure will not lead to economic backwardness and fewer jobs.