Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines. Characteristics of industrialization include economic growth, the more efficient division of labor, and the use of technological innovation to solve problems as opposed to dependency on conditions outside of human control.
KEY TAKEAWAYS
Industrialization is a transformation away from an agricultural- or resource-based economy, toward an economy based on mass manufacturing.
Industrialization is usually associated with increases in total income and living standards in a society.
Early industrialization occurred in Europe and North America during the 18th and 19th centuries, and later in other parts of the world.
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Explanation:
What Is Industrialization?
Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines. Characteristics of industrialization include economic growth, the more efficient division of labor, and the use of technological innovation to solve problems as opposed to dependency on conditions outside of human control.
KEY TAKEAWAYS
Industrialization is a transformation away from an agricultural- or resource-based economy, toward an economy based on mass manufacturing.
Industrialization is usually associated with increases in total income and living standards in a society.
Early industrialization occurred in Europe and North America during the 18th and 19th centuries, and later in other parts of the world.