answersLogoWhite

0

Industrialization was a time of change that led to the development of new ideas and machinery. It also led to more efficent development of new products. Industrialization was very important and helped our world move forward, helping us to get where we are today.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What are the main arguments on inequality and modernization?

One main argument is that modernization can exacerbate inequality by concentrating wealth and power in the hands of a few individuals or corporations. On the other hand, proponents of modernization argue that it can create opportunities for economic growth and development, ultimately reducing poverty and inequality over time. The relationship between inequality and modernization is complex and multifaceted, influenced by various social, economic, and political factors.


What is the relationship of economic freedom to economic growth?

The relationship between economic freedom and economic growth is that it's felt that the freer a society is to spend, the freer it is to build and grow.


What is the relationship between interest rates and economic growth?

The relationship between interest rates and economic growth is that lower interest rates typically stimulate economic growth by encouraging borrowing and spending, while higher interest rates can slow down economic growth by making borrowing more expensive.


How does the relationship between wage and productivity impact overall economic growth and prosperity?

The relationship between wage and productivity is important for economic growth and prosperity. When wages increase in line with productivity, workers are motivated to work harder and produce more, leading to higher economic output. This can result in overall economic growth and prosperity as businesses become more efficient and profitable, which can lead to higher standards of living for individuals and a stronger economy.


What are the distinctions between economic growth and economic development?

Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)


What is the relationship between profit margins and growth capacity?

What is the relationship between profit margins and growth capacity?


economic growth and human development need to go hand in hand . human values to be advocated vigorously -kailash satyarthi. Elaborate this statement?

The relationship between what is known and human development and economic development is a two-way relationship as each of them inflect negativity and positivity on the other that economic growth takes place through improving human capabilities and achieving the desired growth inflected in human development


Who is the Author of the book Growth and Finance?

The book "Growth and Finance" was authored by Pierpaolo Benigno, Jean-Paul L'Huillier, and Christopher J. Erceg. It explores the relationship between economic growth and financial markets.


Is there any relationship between the Trickle Down Effect and the IMF policies?

Not really. "Trickle down effect" suggests that more economic activity tends to promote economic growth, helping everyone to prosper. The International Monetary Fund generally doesn't favor growth; that's why they always support higher taxes, which retards economic growth.


What is a good sentence for the word newly developed countries?

Newly developed countries are experiencing rapid economic growth and modernization as they strive to improve living standards for their citizens.


What is the relationship between spending and GDP?

The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.


What is the relationship between growth and synthesis?

The difference is what it is