A major advantage of industrialization is that it

Assessment: JAMB UTME - Economics - 2006 Subject: Economics

Question 1 Report

A major advantage of industrialization is that it
Answer Details
Industrialization is a process where a country transforms from an agricultural-based economy to an industrial-based economy. One of the major advantages of industrialization is that it leads to growth and development. This is because industrialization leads to an increase in productivity, which in turn leads to an increase in output and income. The growth and development generated by industrialization are essential for a country to become more self-reliant and to improve its terms of trade. Additionally, industrialization also creates more job opportunities, which can help reduce unemployment levels. Therefore, industrialization is an important factor in the economic development of a country.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning