Question

positive impact of industrialisation
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Answer 1

Answer:

Industrialization has enormously positive impacts on wages, productivity, wealth generation, social mobility and standard of living. During industrialization, all wages tend to rise, though the wages of some rise much faster than others.

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Answer 2

Answer:

Industrialization is the transformation of a society from an agrarian economy to an industrial one. Industrialization has enormously positive impacts on wages, productivity, wealth generation, social mobility and standard of living. During industrialization, all wages tend to rise, though the wages of some rise much faster than others.

The impact of industrialization can be understood by looking at historical data or by reviewing its logical economic consequences. Standard of living, traditionally measured as real income per person, increases exponentially during and after industrialization.