Volume 13 | Issue 4
Volume 13 | Issue 4
Volume 13 | Issue 4
Volume 13 | Issue 4
Volume 13 | Issue 4
Industrialization refers to the process of fostering the growth of the manufacturing industry to achieve economic development and raise the standard of living by leveraging a region's natural resources and transforming them into productive wealth (Chaudhari, 1966). It entails a systematic and organized approach where basic resources are processed and transformed to manufacture new products. Industrialization involves a series of interconnected activities, including mechanization, establishment of new industries, market expansion, and resource exploitation in previously untapped regions. These processes contribute to the accumulation and universalization of capital.