Question

he growth of industries led to the development of a new economic system called ?

Answer 1

Answer:

Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods.

Answer 2

INDUSTRIALISATION

Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods.The increase in the number of factories and migration to the cities led to pollution, deplorable working and living conditions, as well as child labor. Due to the innovation witnessed during the period, production efficiency improved dramatically for businesses, leading to higher profits.Industrialisation should promote economic and social development in the following ways. Industrialisation means a country can produce a wider range of higher value goods – both for sale at home and for export abroad. Industrialisation leads to urbanisation – as workers flock to factories to find work.