Question

Does industrialization matter for economic development explain thepatten of industrial growth in india

Answer 1

Answer:

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Background: To grow on a significant scale, industrialization needs several key elements. They are land, labor, capital, technology and connections. Without a generous supply of these basic elements and the ability to organize them, a people cannot develop into an industrial society.

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Answer 2

Answer:

✨Industrialization provides increased employment opportunities in small- and large-scale industries. In an industrial economy, industry absorbs underemployed and unemployed workers from the agricultural sector, thereby increasing the income of the community