What are the factors affecting Industrialisation?

What are the factors affecting Industrialisation?

Factors Influencing Industrial Productivity (Six Factors)

  • (i) Technological Development:
  • (ii) Quality of Human Resources:
  • (iii) Availability of Finance:
  • (iv) Managerial Talent:
  • (v) Government Policy:
  • (vi) Natural Factors:

    What factors help or hinder industrialization?

    Factors that influence industrialization include natural resources, capital, workers, technology, consumers, transportation systems, and a cooperative government.

    What are the factors inhibiting industrialization?

    Industrialization in India: Problems and Obstacles

    • Poor Capital Formation:
    • Political Factors:
    • Lack of Infrastructural Facilities:
    • Poor Performance of the Agricultural Sector:
    • Gaps between Targets and Achievements:
    • Dearth of Skilled and Efficient Personnel:
    • Elite Oriented Consumption:
    • Concentration of Wealth:

    What are the 6 factors of industrialization?

    Terms in this set (6)

    • 1st factor. better transportaton.
    • 2nd factor. stable govt.
    • 3rd factor. stable economy.
    • 4th factor. human resources.
    • 5th factor. natural resources.
    • 6th factor. new technology.

      What three factors led to industrialization?

      The main factors that led to the rise of US industrialization were new technologies like steam engines, railroads, and telegraphs that made communication and transportation easier. The ability to source and transport materials across the country with ease turned many local businesses into national companies.

      What are the 7 factors of industrialization?

      Terms in this set (7)

      • Natural resources. Become goods, Raw materials.
      • Capital. needed to pay for the production of goods, Stable currency.
      • Labor supply. Used to make goods, High birth rate.
      • Technology. Better ways to make more and better goods, Electricity = more production power.
      • Consumers.
      • Transportation.
      • Government support.

        Why did Africa fail to industrialize in the past?

        Their conclusion was unanimous: the only viable option is to industrialize. Industrialize or decline. During the discussions that ensued, experts agreed that one of the main reasons for Africa’s slow industrialization is that its leaders have failed to pursue bold economic policies out of fear of antagonizing donors.

        What are the factors that hinder economic growth in Africa?

        In Africa, economic growth is hindered by several factors. They include technological capabilities’ limitation, over-dependence on aids, poor infrastructure, and poor economic structures among others. In Africa, many countries depend 100 percent on development partners to finance their development projects.

        How is the economy of Africa hindered by AIDS?

        In Africa, economic growth is hindered by several factors. They include technological capabilities’ limitation, over-dependence on aids, poor infrastructure, and poor economic structures among others. Major factors hindering growth of economy of Africa Over-dependence on foreign aids

        Are there any calls for Africa to industrialize?

        At no point in recent history have calls for Africa to industrialize been stronger than they have been lately. Across the continent, industrialization is arguably the most talked about subject among policymakers.

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