b) Service-oriented

The late 20th century saw the United States transition from a manufacturing-based economy to a service-oriented one. This shift was marked by a decline in traditional manufacturing industries and a rise in service sectors like finance, healthcare, and information technology. Factors such as globalization, technological advancements, and changing consumer preferences contributed to this transformation. This economic shift significantly impacted the labor market, with a growing emphasis on knowledge and skills-based jobs. The change altered the economic landscape of the U.S., leading to new economic opportunities and challenges, and reflecting broader global economic trends.