👉 Overindustrialized refers to a state of economic development where there is an excess of industrial production relative to the population and resources available for human consumption. This can occur in any country, but it is most commonly seen in developed countries that have become industrialized through the process of technological advancement, globalization, and urbanization. In contrast, underindustrialized refers to a state where there is a surplus of labor resources relative to the production needs of an economy. This can occur in developing countries that
