Economic restructuring refers to a process in which an economy undergoes significant changes in its structure, organization and operation. This can involve shifts in the way resources are allocated, industries are organized or managed, and economic policies are implemented. The goal of economic restructuring is often to improve efficiency, productivity, competitiveness, and growth by adapting to new technologies, market conditions, and global trends. It may also involve changes in government regulation, privatization, deregulation, or the opening up of markets to foreign competition. Economic restructuring can have significant impacts on employment, income distribution, and economic stability, as well as opportunities for innovation and growth.