Industrialization is a prerequisite for balanced economic growth because it

Industrialization is a prerequisite for balanced economic growth because it stimulates the development of all sectors. When an economy is industrialized, there is an increase in the production of goods and services. This increase in production leads to the development of other sectors like transportation, communication, and energy, which are essential for the growth of the economy. Industrialization also leads to an increase in productivity in the manufacturing sector which creates more job opportunities, and increased income for workers. This increased income then leads to an increase in consumer spending, which further stimulates economic growth.