what is industrialization? what are the factors influence in the industrialization?
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Industrialization meant to the period of social and economic change that transforms a human group from an agrarian society into industrialization. Some factors that influence in the industrialization :
- Poor capital formation.
- Political factors
- Lack of infrastructural facilities.
- Concentration of wealth
- Elite oriented consumption.
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Characteristics of industrialization include economic growth, more efficient division of labor, and the use of technological innovation to solve problems as opposed to dependency on conditions outside human control.
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