Tuesday 1 March 2011

The definitions of Industrialization, urbanization, capitalism


What Does Industrialization Mean?
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 such as the weather, as well as more efficient division of labor and economic growth.

Urbanization refers to a process in which an increasing proportion of an entire population lives in cities and the suburbs of cities.  Historically, it has been closely connected with industrialization.  When more and more inanimate sources of energy were used to enhance human productivity (industrialization), surpluses increased in both agriculture and industry.  Larger and larger proportions of a population could live in cities.   Economic forces were such that cities became the ideal places to locate factories and their workers.


Capitalisim
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

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