Question

5-Industrial isation leads to structu ra l shift in the economy.Comment

Answer 1

Answer:

5-Industrial isation leads to structu ra l shift in the economy.Comment

Answer 2

Industrialization is the process by which an economy moves from primarily agrarian production to mass-produced and technologically advanced goods and services. This phase is characterized by exponential leaps in productivity, shifts from rural to urban labor, and increased standards of living.

The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.