defined social inderstial development
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Answer:
Industrial development enables environment to tackle inequalities among and within countries either developed or developing, accelerates structural transformation and social mobility, provides new jobs and additional income, and reduces social exclusion (UNIDO, 2015).
Answer:
Profit and Investment in Technology
Industrial development highlights the key economic tensions of capitalist societies. The inputs of technology and labor at the worksite have a quantifiable market value, but the conduct of manufacture itself depends only on their qualitative use values. Put another way, investors and economic planners follow the exchange values of the resources committed to manufacture and of the outputs distributed in the market, but commercial success depends on the separate moment of utilizing the concrete resources and employees at the worksite. Capitalist societies vary in how much their systems of finance and management focus on the need to upgrade technology at the worksite from only a short-term pecuniary perspective, and how much the technical drive to improve productivity steers investment in its own right. National economies that have experienced unusual industrial expansion, such as Germany's in the late nineteenth century, have sometimes pumped more funding into research and technology than prudent financial logic alone might have justified.