Question

Explain the main advantages of industrialisation.

Answer 1

Hint: Industries are a group of efficient organizations that generate or supply goods, aids, or sources of income. Industries are mainly categorized as primary, secondary, tertiary, and quaternary; secondary industries are categorized as heavy and light.

Complete Step by Step Answer:
Industrialisation is the duration of social and economic transformation that changes a human group from an agricultural community into an industrial society.

Advantages of industrialization:

1. Industrialization brought us the current import-export market. When domestic demands were not sufficient to help optimize production levels, multinational firms began to form. The world began to see that the balance of trade was shifting to the producer, improving the wealth of businesses, and adding tax revenues to society.

2. It allows us to become more productive.Industrialization brought us a succession of new and helpful items, hand equipment, and additional ways to be productive. This benefit promptly led to the growth of new channels and shipping methods that could deliver more products and people from one place to another. This led to the creation of roads and enhancement of communication techniques.

3. Industrialization makes goods and services more affordable. Labor is the most costly part of the manufacturing process for most industries. With machines helping humans to develop products with greater speed, then the cost of labor per unit went down. It is an advantage that finally led to higher levels of income for everyone in the economy.

4. It improves the quality of life for each person and household. The introduction of mass production altered how everyone could access interests or services.

5. Industrialization enhanced our medical care. The technological progress that led to our modern approach to medicine came because of industrialization. Diagnostic devices, such as MRI and CAT scans, wouldn’t be possible without this development.

Note: Samuel Slater is known as the father of the Industrial Revolution. In India, Jamsetji Tata is regarded as the "Father of Indian Industry". He was referred to as a One-Man Planning Commission by Jawaharlal Nehru.