Industrialization is the process of using labor-saving production methods to manufacture goods on a large scale. It often involves the use of machinery, advanced technology, and economies of scale to produce more output with fewer inputs. Industrialization is a key factor in economic growth and improved living standards, as it often leads to increased wages and higher productivity levels. This has fueled an explosion in global trade over the past few decades, making it easier for goods and services to be exchanged across national boundaries. By utilizing industrialization techniques, businesses can create a competitive edge in their respective markets and capture greater market share.
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