There are two types of change. cyclical changes are referred to variable changes that are normal and natural like the weather. the other type of change is known as structural change.
When it comes to the economy, a structural shift is one that lasts for a very long time or is permanent, whereas a cyclical disruption usually returns to its prior level within a few years.
Structural change is a significant alteration to the way a nation, sector, or market functions. It is typically a result of significant economic advancements. The system's dynamic is the key to bringing about structural transformation.
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