Effects of Industrialisation in Economic field
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Explanation:
Industrialization is often essential for economic growth, and for long-run poverty reduction. The pattern of industrialization, however, impacts remarkably on how the poor benefit from growth. Also, the location of industrial facilities has an impact on overall poverty reduction and inequality.
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Industrialisation helps in boosting economic growth by rapid developmental activites.
Explanation:
- Industrialisation has a number of positive effects on the economic field in any nation.
- Industrialisation refers to all the activities which result in infrastructural development and promoting the growth of industries.
- All these activities provide a number of employment opportunities to people.
- In addition, it also connect backward areas to the developed areas which improve their life standards.
- Industrialisation also brings foreign exchange which is important for stabilising the currency of a nation.
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