Quick Answer: What Are The Factors That Affect Industrialization?

What are the role of industrialization in economic development?

Industrialization increases the supply of goods for internal and external markets.

The government receives revenue in the form of custom and excise duties, sales and income taxes from the industrialists due to which government revenue increases..

What are the 5 factors of industrialization?

They are land, labor, capital, technology and connections.

What are some examples of industrialization?

Textile production moved to large factories based in cities. Britain’s railroads were another example of industrialization. While people previously traveled by foot or in animal-drawn vehicles, the steam engine allowed for train travel that allowed people to go further, faster.

What are the advantages and disadvantages of industrialization?

Advantages and Disadvantages of IndustrializationThe growth of industries has resulted in large scale production of goods which are available to the consumer at much cheaper rates.There is saving of time and labor.Industrialization has resulted in a considerable rise in the standard of living of the people.A number of substitutes in consumer goods are available.More items…•

What were the social effects of industrialization?

The Industrial Revolution had many positive effects. Among those was an increase in wealth, the production of goods, and the standard of living. People had access to healthier diets, better housing, and cheaper goods. In addition, education increased during the Industrial Revolution.

Is industrialization good or bad?

Industrialization is mostly good for the economy. Mass production of goods puts people to work, and the goods are cheaper so more people can buy them. … Industrialization contributes to negative environmental externalities, such as pollution, increased greenhouse gas emission, and global warming.

What are the factors that hinder industrialization?

Some of the drawbacks included air and water pollution and soil contamination that resulted in a significant deterioration of quality of life and life expectancy. Industrialization also exacerbated the separation of labor and capital.

What are the 7 factors of industrialization?

Terms in this set (7)Natural resources. Become goods, Raw materials.Capital. needed to pay for the production of goods, Stable currency.Labor supply. Used to make goods, High birth rate.Technology. Better ways to make more and better goods, Electricity = more production power.Consumers. … Transportation. … Government support.

How did environmental factors contribute to industrialization?

There are four primary impact points when it comes to industrialization — air, water, soil and habitat. The biggest problem is air pollution, caused by the smoke and emissions generated by burning fossil fuels.

What are the three factors of industrialization?

Factors of ProductionLand.Labor.Capital.Technology.Entrepreneurship.

Why do we need industrialization?

Industrialization generates employment opportunities, provides educational opportunities, encourages advancement and innovation, and better utilizes resources. All of these benefits and more make industrial development extremely valuable to a population and the local economy.

What are two industrialization examples?

The technological changes included the following: (1) the use of new basic materials, chiefly iron and steel, (2) the use of new energy sources, including both fuels and motive power, such as coal, the steam engine, electricity, petroleum, and the internal-combustion engine, (3) the invention of new machines, such as …

What are the factors influence in the industrialization?

Answer. Answer: Characteristics of industrialization include economic growth, more efficient division of labor, and the use of technological innovation to solve problems as opposed to dependency on conditions outside human control.

What are 3 negative effects of the Industrial Revolution?

Although there are several positives to the Industrial Revolution there were also many negative elements, including: poor working conditions, poor living conditions, low wages, child labor, and pollution.