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Industries and Industrilization - Online Essay

Industries and Industrilization

Industry is the production of an economic good or service within an economy.[1]

Industry is often classified into three sectors ownership and time.

• Raw Materials: Industries may be agriculture based, Marine based, Mineral based, Forest based....

Size: It refers to the amount of capital invested, number of people employed: primary or extractive, secondary or manufacturing, and tertiary or services. Some authors add quaternary (knowledge) or even quinary (culture and research) sectors.

• Industries can be classified on the basis of raw materials, size and and the volume of production.

• Ownership: Industries can be classified into private sector, state owned or public ...

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economic policy. Railroads and steam-powered ships began speedily establishing links with previously unreachable world markets, enabling private companies to develop to then-unheard of size and wealth. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries—more than agriculture's share.

Many developed countries and many developing/semi-developed countries depend significantly on industry. Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web of interdependence.

Industrialization

Industrialization (or industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial one. It is a part of a wider modernization process, where social change and economic development are closely related with technological innovation, particularly with the development of large-scale energy and metallurgy ...

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Industries and Industrilization. (2013, August 4). Retrieved April 27, 2024, from http://www.essayworld.com/essays/Industries-and-Industrilization/102884

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PAPER DETAILS

Added: 8/4/2013 01:57:19 AM
Submitted By: Pritish123
Category: Education
Type: Premium Paper
Words: 678
Pages: 3

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