Industrial Growth
Industrial growth refers to the increase in the production and consumption of goods and services within an economy. This growth is often measured by the rise in output from factories, improvements in technology, and the expansion of industries such as manufacturing, construction, and energy. It plays a crucial role in creating jobs and boosting economic development.
Factors contributing to industrial growth include advancements in technology, increased investment, and favorable government policies. As industries expand, they often lead to improved infrastructure, such as better transportation networks and communication systems, which further support economic activities and enhance overall productivity.