availability of investment capital
The most necessary condition for the process of industrialization in society is access to capital and resources. This includes financial investment for machinery and infrastructure, as well as natural resources like coal, iron, and timber. Additionally, a stable political environment and a skilled workforce are crucial to facilitate growth and innovation. Together, these elements create a conducive environment for industrial development.
Industrialization
This process is known as industrialization. It involves the shift from an economy based on agriculture and handicrafts to one dominated by industry and manufacturing.
Industrialization helps to strenthen the economy.
industrialization
Definition of 'Industrialization' The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services.
Industrial structure refers to how well developed a country's infrastructure is
It means to introduce industry into on a larger scale.
Alot of effects
Inventions helped drive U.S. industrialization because the U.S. transitioned from a farming society to a manufacturing society.
industrialization
industrialization