A wide variety of factors affect economic and non economic industrialization. The culture of the people, the social climate, and the political motives of the nation all affect industrialization.
Land, labor, capital, connections and technology
with industrialization ca
Trade embargos and corruption are factors that could prevent a given market from becoming competitive. These factors usually lead to uneven playing ground as far as the competitiveness of a given market is concerned.
Factors of production is labor land capital entrepreneurship and technology and hence is owned by everyone (including citizens and government) of any company.
what are the factors favuoring industrialization
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No, the Philippines is not considered a 2nd world country. It is classified as a developing country or a third world country based on various socio-economic factors such as income levels, industrialization, and human development indices.
A wide variety of factors affect economic and non economic industrialization. The culture of the people, the social climate, and the political motives of the nation all affect industrialization.
There were several factors that led to the industrialization of Britain. The major factors were the rise in population, the availability of iron ore, water power, coal surplus and transportation on the rivers.
DeforestationBad waste managementExcess emission of carbon dioxide mainly from the transportation sectorLack of government programs to prevent pollution.
Land, labor, capital, connections and technology
The opening of new markets and availability of labor created the demand for inventions that sparked industrialization in Europe.
The workforce in Germany is what made the industrialization in Germany possible. Another factor was the railroad system that was in Germany.
land labor& capital
Industrialization needs many factors. It requires raw material to be used in industry. It also needs man power.