There is considerable literature on the factors facilitating industrial modernisation and enterprise development.[3] Key positive factors identified by researchers have ranged from favourable political-legal environments for industry and commerce, through abundant natural resources of various kinds, to plentiful supplies of relatively low-cost, skilled and adaptable labour.
As industrial workers ' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth.
The first country to industrialise was the United Kingdom during the Industrial Revolution, commencing in the 18th century.[4]
By the end of the 20th century, East Asia had become one of the most recently industrialised regions of the world.[5]
Contents [hide]
1 Description
2 History of industrialisation
2.1 Industrial revolution in Europe
2.2 Early industrialisation in other countries
2.3 The Third World
2.4 Petrol-producing countries
2.5 Industrialisation in Asia
2.6 Newly industrialised countries
3 Social consequences
3.1 Urbanisation
3.2 Exploitation
3.3 Change to family structure
4 Current situation
5 See also
6 References
7 Further reading
Description[edit]
According to the original sector-classification developed by Jean
References: According to the original sector-classification developed by Jean Fourastié (1907-1990), an economy consists of: a "primary sector" of commodity production (farming, livestock breeding, exploitation of mineral resources)