industrial development
Industrial development refers to the process by which a country or region transforms its economy from primarily agricultural to one based on manufacturing and industry. This shift often involves the establishment of factories, the adoption of new technologies, and the creation of jobs in various sectors. As industries grow, they contribute to economic growth and improve living standards.
Key factors in industrial development include access to resources, infrastructure like roads and ports, and a skilled workforce. Governments may also play a role by implementing policies that encourage investment and innovation. Successful industrial development can lead to increased productivity and competitiveness on a global scale.