Industrialization

Industrialization is a process of economic and social change whereby a society transforms from an agricultural to a more industrial society. Industrial societies increase levels of productivity by changing what they produce, as well as where and how. They process agricultural products and other raw materials, as well as synthetic materials. The production takes place in large or small and medium enterprises, often centralized in urban areas. The production in enterprises replaces manual labor and hand tools with power-driven machinery. Companies organize the work process so that workers toil for wages and do not own the tools of production. For entrepreneurs, the products produced are a source of income in excess of expenditure. Scholars commonly apply the term industrialization to a national economy rather than ...