Question

what is rapid industrialization? ​

Answer 1

Soviet growth strategy was focused on fast growth through intensive industrialization. It involved the self-development of an industrial base, concentrated in capital goods or "means of production," also dubbed "Sector A" according to Marxian jargon.

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Answer 2

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Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods.

Rapid industrialization is important for creating employment opportunities, promotion of education, training and research. It improves labour productivity and balanced regional development. Industrial growth brings a rapid increase in the national income of the country.

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