Question

Suggest few ways by which industrialisation can be encouraged by the government in our country ?

Answer 1

Answer:

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Is Industrialization Good for the Economy?

Industrialization is the process by which an economy moves from primarily agrarian production to mass-produced and technologically advanced goods and services. This phase is characterized by exponential leaps in productivity, shifts from rural to urban labor, and increased standards of living. By typical measurements, such as income per capita or labor productivity, industrialization can be considered the most important economic development in human history.