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Industrial development is dependent upon the availability of a number of important resources including capital, labor, and natural resources. In the case of capital, large-scale industrialism requires access to financing in order to fund the creation of the means of production, attract a labor force, and acquire the needed raw materials. Labor is another critical resource and the availability of a compatible workforce can be important in determining where to establish sites of production. Finally, all industrial production requires reliable access to natural resources. Factories require energy, production requires raw or semi-finished materials as well as the infrastructure to ensure the timely delivery of materials. In the more abstract sense, political and economic stability are also necessary "resources" required for industrialization. Political structures must ensure the social stability, public investment and infrastructure maintenance needed to establish and reinforce the various means of production. Likewise, economic stability ensures that markets function properly in the distribution and valuation of both raw materials and finished products.
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How is industrialization and globalization related?
globlization and mcDonalization are system of capitalism
What was the impact of the Industrial Revolution on the New Global Age and other forces that were shaping Africa in 1880?
During this period of time, industrialized powers such as Great Britain, France, Germany etc. all vied for dominance. Industrialization was the fuel for imperialism. In order to sustain industrialization, vast amounts of resources were needed. Where did many of these resources come from? Africa. Thus the "Scramble for Africa" began. In the Berlin Conference essentially Africa was divided up among the European powers for its resources.
Which effects did the industrialization have on the business process?
with industrialization ca
How much did the availability of resources aid industrialization?
1. The whole point of industrialization to make massive investment in capital (machinery, etc.) so as to reduce unit costs and so make a profit on large production quantities. That means that raw materials have to be available in quantity and that transportation costs have to be low. 2. One reason industrialization started in England was that England had coal and it had canals. But once the oil fields of the Middle East were developed, Japan was able to become industrialized with no natural resources of its won. Transportation had become cheap enough that it could afford to import its raw materials from abroad: iron ore and coal from the U.S., oil from the Middle East, etc.
What are the positives of industrialization?
I don't know what the positives are of industrialization that iz why i came on to this web site now someone answer it NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!
In addition to mineral resources what other element is important to industrialization?
There are two more mineral resources that other elements to industrialization. The two resources are potassium and zinc.
What is the impact of industrialization on natural resources?
gasese
If the us had been poor in the natural resources how would industrialization have been affected?
If the U.S. had been poor in Natural Resources, how would industrialization have been affected
If the us had been poor in natural resources how would industrialization have been affected?
If the U.S. had been poor in natural resources, how would industrialization have been affected
How did vast natural resources cause industrialization?
just because it does
What four natural resources did England have to help them industrialize first?
what were the four natural resources needed for British industrialization
What were equally as important as natural resources in the nation's rapid industrialization?
New Technology Then
Would industrialization be affected if the us was poor in natural resources?
Yes if the US was poor in natural resources industrialization would be greatly affected. There would be slower growth, and less wealth. There also would not be as many industries.
Which resource's played crucial roles in industrialization?
The resources that played the most crucial roles in industrialization were steel and iron. Oil and coal also were important.
What helped industrialization in the south?
Cheap labor, the Civil War, railroads, and natural resources helped to fuel industrialization in the South. The 1890's marked the start of the industrialization of not only the South but the entire United States.
How is industrialization and globalization related?
globlization and mcDonalization are system of capitalism
What were the 4 natural resources for british industrialization?
water power coal and iron ore
