Question

Critically explain the industrial development during 1950-1990.

Answer 1

Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry.When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology, such as the production of steel and coal.