👉 Industrialization is the process of transforming an economy from a traditional agrarian society into one based on manufacturing. This transformation typically involves the introduction of new technologies, improved production methods, and increased efficiency to create goods and services that are more widely available and cheaper than before. Industrialization often leads to the rise of large-scale corporations and the creation of new industries such as steel, chemicals, and electronics.
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What is the definition of Industrialized? 🙋
👉 Industrialized is a concept in economics that refers to countries or regions where the manufacturing industry, or any other type of production sector, has become more dominant and advanced than those in less developed areas. This can be achieved through various factors such as technological advancements, increased investment in research and development, and better access to resources like raw materials and labor. Industrialized countries are typically characterized by their high levels of industrialization, which includes the presence of large-scale manufacturing plants, extensive infrastructure for transportation and logistics
What is the definition of Industrialize? 🙋
👉 The process of transforming a country or region into an advanced, productive and economically viable society. This transformation often involves technological advancements such as the development of new industries and infrastructure, as well as changes in labor conditions and social structures to ensure that workers are better employed and more productive. Industrialization can also involve the creation of new jobs and economic growth for the local population.
