Industrialization is usually associated with a greater average income and improved living standards.
agriculture,
newly industrializing
newly industrializing
Adam Smith supported industrialization because he believed in a free economy, to guarantee economic progress.
Yes, industrialization is crucial for a country's economic growth as it enhances productivity, creates jobs, and fosters technological advancements. By transitioning from an agrarian economy to an industrial one, countries can increase their output and efficiency, leading to higher income levels. Additionally, industrialization can stimulate trade and attract foreign investment, further boosting economic development. Overall, it lays the foundation for sustainable growth and improved living standards.
agriculture,
During the industrialization of a country, the economy becomes less dependent on?
newly industrializing
newly industrializing
Adam Smith supported industrialization because he believed in a free economy, to guarantee economic progress.
No it is not a mixed economic country.
Some advantages of industrialization in India include economic growth, job creation, increased productivity, modernization of infrastructure, and technological advancement. Industrialization also aids in diversifying the economy and reducing dependence on agriculture.
Political instability, economic instability, and social instability are three common states of instability that can affect a country or region. Political instability refers to uncertainty or unrest in a country's government, economic instability involves fluctuations or uncertainties in a country's economy, and social instability involves tensions or conflicts within a society.
The Jacksonian democracy viewed industrialization as a good thing. Jackson believed that it was needed in order for the country's economy to thrive.
economic system means the economic atmosphere of the country.It means which type of system a country have whether it have socialist economy,capitalistic economy or mixed economy.
economic gain is to help the country grow in economy and finance.
No it is not a mixed economic country.