1. What is industrialization? What are the factors influence in the
industrialization ?
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Industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines.
- Natural resources. Become goods, Raw materials.
- Capital. needed to pay for the production of goods, Stable currency.
- Labor supply. Used to make goods, High birth rate.
- Technology. Better ways to make more and better goods, Electricity = more production power.
- Consumers. ...
- Transportation. ...
- Government support.
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Explanation:
Industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.
Some of the important factors influencing industrialization
- Natural resources
- Capital
- Technology
- Labour supply
- Consumerrs
- Transportation
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