industrial sector and economic growth

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industrial sector and economic growth industrial sector and economic growth theme: 1. what is the industrial sector of the economy 2. industrialization and economic growth. 1. what is the industrial sector of the economy the industrial sector is a segment of the economy made up of businesses that aid other businesses in manufacturing, shipping or producing their products. the industrial sector is what's known as a secondary sector because the products and services this sector offers to go to other businesses rather than directly to consumers. supply and demand in other sectors often drive the growth or minimization of the industrial sector, since it's reliant on purchasing from businesses in other sectors. the main economic sectors most economists divide the economy into five sectors. the industrial sector makes up what is often called the secondary sector. each of the sectors is made up of distinct industries, all of which perform …

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r productivity. key takeaways industrialization has been instrumental in the economic development of the world. the process has improved productivity and has allowed for mass production. this has increased standards of living. human productivity and living standards remained relatively unchanged from the beginning of the agricultural age around 8000 to 5000 b.c. until the first industrialization in great britain started in 1760. we have seen more goods produced in less time, increased time for recreation and leisure, and an increase in real incomes through industrialization. the major industrial shifts in western economies occurred during the industrial revolution of the 18th and 19th centuries. economic historians tend to point to four significant national industrializations: the original industrialization in great britain between 1760 and 1840. the industrialization of the united states from 1790 until 1870. the unmatched industrial gains in japan between the 1880s and 1970. the industrialization of china from 1960 …

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industrial sector and economic growth industrial sector and economic growth theme: 1. what is the industrial sector of the economy 2. industrialization and economic growth. 1. what is the industrial sector of the economy the industrial sector is a segment of the economy made up of businesses that aid other businesses in manufacturing, shipping or producing their products. the industrial sector is what's known as a secondary sector because the products and services this sector offers to go to other businesses rather than directly to consumers. supply and demand in other sectors often drive the growth or minimization of the industrial sector, since it's reliant on purchasing from businesses in other sectors. the main economic sectors most economists divide the …

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