Social and Economic conditions in China and eastern Europe convinced many people to leave their nations and move to the United States in search of a better life. This multitudes added to the growing industrial workforce, helping factories to increase their production and furthering the demand for industrial products.
Small business drives the U.S. economy by providing jobs for over half of the private workforce. Moreover, the latest figures show that small business with fewer than 20 employees increased employment by 853,074 during 2001-2002.So,it plays very important role in US economy.
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
newly industrializing
India has a mixed economy in that there is private property and companies that produce products for the benefit of profit. There are many business regulations in India, this combined with the above places India as a mixed economy country.
The Indian economy does get benefit from globalization because the economy is allowed to access markets in many countries.
industrialization industrializes the U.S.
industrialization industrializes the U.S.
industrialization industrializes the U.S.
Industrialization helps to strenthen the economy.
During the industrialization of a country, the economy becomes less dependent on?
Industrialization had a major impact on the global economy. For one thing, countries were able to increase business with developed countries overseas. Shipping costs went down and allowed businesses to import more of the raw materials they needed.
Small business drives the U.S. economy by providing jobs for over half of the private workforce. Moreover, the latest figures show that small business with fewer than 20 employees increased employment by 853,074 during 2001-2002.So,it plays very important role in US economy.
industrialization
newly industrializing
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
Get rid of Corruption
Advantages of industrialization in India include more jobs, and a better economy. However, there are also disadvantages to industrialization, such as more pollution.