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Define Emerging economies (industrialising economies). of industrial structures?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section19.2: The Process Of Economic Development

Problem 4R

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Define Emerging economies (industrialising economies). of industrial structures?

Expert Solution

Step 1

The process of industrialization describes how an economy transforms from a primarily agricultural one to one based on the manufacturing of goods. As a result, this causes manual labor to be replaced by mechanized mass production.

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