Industrial Development
Industrial development refers to the process by which a country or region enhances its industrial sector, leading to increased production and economic growth. This often involves the establishment of factories, the adoption of new technologies, and the improvement of infrastructure such as roads and transportation systems. The goal is to create jobs, boost productivity, and improve living standards.
As industries grow, they can contribute to a country's overall development by generating income and fostering innovation. Key factors in industrial development include access to resources, skilled labor, and investment. Successful industrialization can lead to urbanization, where more people move to cities for work, further driving economic progress.