Question: What Impact Did Industrial Development Have On Society?

What is the concept of industrial development?

SYNOPSIS.

Industrial Development is the synthesis of contributions from four major factors, namely, Business, Technology, Government and Labour and successful industrial projects can be achieved only through a close co-operation and mutual understanding between these contributors..

What are the strategy of industrial development?

Under the current situation of industrial structure and of each factory, it is quite difficult for the existing factories to achieve a self-sustained growth; therefore, the adoption of industrial development strategies are limited as follows: 1) to promote the investment from outside of the region, 2) to create a new …

How can industrial development be improved?

Six ideas for more effective Local Industrial StrategiesMake the case for cities as the main hubs of economic growth. … Identify the opportunities to unlock growth. … Consider how the national and global economiesare evolving. … Map out the available levers and mechanisms. … Find new ways of working and better coordinating interventions.More items…•

What is the impact of industrial development?

At the same time, industrial processes can have negative environmental impacts, causing climate change, loss of natural resources, air and water pollution and extinction of species. These threaten the global environment as well as economic and social welfare.

What were the positive and negative effects of the Industrial Revolution?

As an event, the Industrial Revolution had both positive and negative impacts for society. Although there are several positives to the Industrial Revolution there were also many negative elements, including: poor working conditions, poor living conditions, low wages, child labor, and pollution.

What were the benefits and challenges of industrialization?

Even More BenefitsMachine moving was “body breaking”Cities became overpopulated and filthy.No running water, sewage disposal, or sanitation system.Full of disease and death.People were replaced by machines.People were starving and struggling to survive.Workers had to work nonstop without breaks.

What were the negative effects of industrialization?

Some of the drawbacks included air and water pollution and soil contamination that resulted in a significant deterioration of quality of life and life expectancy. Industrialization also exacerbated the separation of labor and capital.

How did the Industrial Revolution affect the rich and poor?

As a result of the Industrial Revolution, economies transformed and affected all classes of people. First, the rich got richer. The rich who owned businesses became even richer. … The growth of the businesses and factories created more jobs.

What are the main objectives of industrial development?

The main objective of any industrial policy is to augment the industrial production and thereby enhance the industrial growth which leads to economic growth by optimum utilization of resources; modernization; balanced industrial development; balanced regional development (by providing concessions for industrial …

What were three effects of the Industrial Revolution?

You will learn about the effects of the Industrial Revolution on living and working conditions, urbanization (the growth of cities), child labor, public health, working class family life, the role of women, the emerging middle class, and economic growth and income.

What was the result of the industrialization?

The creation of power machines and factories provided many new job opportunities. The new machinery increased production speed of good and gave people the ability to transport raw materials. Industrialization also lead to urbanization. Urbanization is the movement of people into cities and city building.

What impact did the Industrial Revolution have on society?

The Industrial Revolution brought about sweeping changes in economic and social organization. These changes included a wider distribution of wealth and increased international trade. Managerial hierarchies also developed to oversee the division of labor.

How did industrialization influence society?

Industrialization increased material wealth, restructured society, and created important new schools of philosophy. The social impact of industrialization was profound. For the first time since the Neolithic Revolution, people worked outside of the local environment of their homes.

What are the benefits of industrial development?

Industrial Development and Economic GrowthIndustrialization Improves Profits. … Industrial Development = Modernization. … Industrial Development Leads to Urbanization. … Industrial Development of One Industry Leads to Growth in Others. … Industrialization Reduces Unemployment & Poverty. … Industrialization Leads to a Higher Standard of Living.

What are the effects of industrial development on environment?

​Industrialization, while important for the economic growth and development of a society, can also be harmful to the environment. Amongst other things industrial process can cause climate change, pollution to air, water and soil, health issues, extinction of species, and more.

What is the role of industrial growth in economic development?

Industry is viewed as leading sector to economic development. We can have economies of scale by applying advanced technology and division of labour and scientific management. So production and employment will increase rapidly. This will bring economic growth and capital formation.

What were the most significant effects of the Industrial Revolution?

The Industrial Revolution had many positive effects. Among those was an increase in wealth, the production of goods, and the standard of living. People had access to healthier diets, better housing, and cheaper goods. In addition, education increased during the Industrial Revolution.

How did the Industrial Revolution impact the economy?

The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.