the industrial sector has been at a stagnant point since last few decades what have been the steps taken by the government to improve this sector (5 points)
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Answer:
Industrialization generates employment opportunities, provides educational opportunities, encourages advancement and innovation, and better utilizes resources. All of these benefits and more make industrial development extremely valuable to a population and the local economy.
The main and perhaps the only advantage of industrialization is that it increases productivity, which enable production of a large variety of products and service economically. This in turn leads for improved standards of living for the entire society or the economy.
The effects of industrialization included a significant population growth, the urbanization or expansion of the cities, improved access to food, a growing demand for raw materials and the development of new social classes formed by capitalists, a working class, and eventually a middle class.