GEOGRAPHY INDUSTRIALIZATION DEFINITION The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor is often replaced by mechanized mass production and craftsmen are replaced by assembly lines. Characteristics of industrialization include the use of technological innovation to solve problems as opposed to superstition or dependency upon conditions outside human control
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The role of agriculture in economic development has undergone an important evolution. In the past‚ agriculture was often viewed as the passive partner in the development process‚ however‚ it is now typically regarded as an active and co-equal partner with the industrial sector. This essay addresses the question of how the agriculture sector can contribute to sustainable economic development of developing countries with the case examples of Zambia. In the same work‚ the essay suggests what the government
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citizen remaining in their place in the city’s stratified social structure. Everyone in the city is in a position that is deemed suitable according to their abilities and potential. His prime example is the guardians who are the best of the best and‚ thus‚ the rulers of the city. Socrates justifies the political and economic specialization because this will increase efficiency and production of goods and services within the city (370c). Economic production from the craftsmen ushers the commercialization
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The Effects of specialization on international trade Specialization basically means when an individual or businesses produce a narrow range of products in simple words ‚ when a person or business focuses on producing one type of product because they are good in producing that product. International exchange allows for specialization‚ which is when one producer produces the good that comes at the least cost of production and opportunity to him or her and then trades for those goods that come
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eNo. 2316 September 17‚ 2009 The Economic Role of Government: Focus on Stability‚ Not Spending Karen A. Campbell‚ Ph.D. Abstract: Is there a role for government in the economy? Yes‚ says Heritage analyst Karen Campbell—but the government must focus on maintaining economic stability. Fiscal responsibility is an important part of that stability. Government debt can quickly become a burden on the economy and weaken its foundations. Sound macroeconomic policies enhance the credibility of the government
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technological progress would eventually spur social progress. In addition‚ Émile Durkheim developed the concept of functionalism in the sociological field‚ which emphasizes on the importance of interdependence between the different institutions of a society and their interaction in maintaining cultural and social unity. His most well known work‚ The Division of Labour in Society‚ which outlines how order in society could be controlled and managed and how primitive societies could make the transition
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The Role of Agriculture in the Economic Development of Bangladesh Muhammed Nazmul Islam Economic Portrait of Bangladesh After December 1971 Bangladesh was expected to be a prosperous economy by eradication of poverty & utilization of political freedom to avail economic liberation. With great ambitions in eyes & high responsibilities on the shoulder‚ Bangladesh reached to the 20th century with some achievements & lots of disappointments. In past 20 years (1990 to 2009) the Gross Domestic Product
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The Role of Agriculture in Indonesia Economic Development Indonesia can be categorized as an agrarian nation‚ where the role of agriculture in Indonesia economy really significant. Agriculture sector in Indonesia has a role in: (a) providing job opportunity for the majority of labor force‚ (b) producing foods for the nation‚ (c) raw material producer for industrial sector‚ and (d) strengthening food security and rural development. The role of agriculture becomes more important when Indonesia
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REGIONAL ECONOMIC COOPERATION One of the most important developments in the world trade system in the 1990s has been the emergence of regional cooperation. The end of the Cold War reduced political tensions between countries in Asia as well as globalizing production processes and increasing vertical integration. Cities like Bangkok‚ Kuala Lumpur‚ and Singapore have been lifting their populations out of poverty in part through cooperative arrangements with neighboring countries. Transnational economic
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European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 3‚ No.4‚ 2011 www.iiste.org Indian Agriculture: Before and After Economic Reforms Navjit Singh Assistant Professor‚ Deptt. Of Management‚ Khalsa College Lyallpur‚ Jalandhar-14401‚ Punjab‚ India Contact: +9198555-29321 Abstract Agriculture once known as the backbone of Indian Economy is at present at its worst‚ thanks to the anti farmer‚ pro-Industry policy of the various Indian Governments since
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