Tuesday, 31 March 2015

What is industrialization?

The process by which traditionally nonindustrial sectors (such as agriculture, education, health) of ...

 
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Tuesday, March 31, 2015
 
Term of the Day

industrialization

1. The process by which traditionally nonindustrial sectors (such as agriculture, education, health) of an economy become increasingly similar to the manufacturing sector of the economy.
2. Sustained economic development based on factory production, division of labor, concentration of industries and population in certain geographical areas, and urbanization.
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Usage Example
The industrialization of the town quadrupled its size in five years and has attracted workers from nearby towns in search of better job opportunities.
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