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,

Respuesta :

Answer:

And as a result the State has experienced ECONOMIC DIVERSIFICATION.

Explanation:The State of Texas is the second largest State of the United States of America both in Population and Land mass,it is located in South-Central part of the United States.

During the Twentieth Century Oil was discovered in commerce quantity, which led to economic boom and this caused the Government to initiate policies which helped to DIVERSIFY it's Economy into various industries like Cotton,Timber, petrochemicals, aerosol, Biochemistry,Tourism etc.