how industrialization leads to rapid economic development
Answers
Answered by
2
HEY MATE HERE IS YOUR ANSWER ✍✍
➡️The rapid development of capital goods industries promote the growth of agriculture, transport and communication. It also enables the country to produce a variety of consumer goods in large quantities and at low costs. It also eliminates our dependence on other countries for the supply of essential goods.
Answered by
3
Question
How industrialization leads to rapid economic development?
➟ Industrialization has historically led to urbanization by creating economic growth and job opportunities that draw people to cities.
➟ Urbanization typically begins when a factory or multiple factories are established within a region, thus creating a high demand for factory labor.
➟ Industrialization has been instrumental in the economic development of the world.
➟ The process has improved productivity and allowed for mass production, which has increased standards of living.
Similar questions