Industrialization brings both positive and negative effects. During industrialization, the manufacturing sector enjoyed a rapid increase in output. It also creates more jobs and income in the economy as it increases the value added of primary sector output. However, industrialization has also resulted in more population, urbanization, and pressure on social and environmental problems.
Positive effects of industrialization
Goods available in abundance and variety
The goods available are more abundant and more diverse. Industrialization allows us to have more things to buy at affordable prices. Manufacturing increased its production significantly. Machines help workers be more productive, producing more goods than ever before. Thus, prices can fall as output increases on a large scale.
On the other hand, we can also enjoy more diverse goods. Various manufacturing businesses developed during industrialization. Research and development gives rise to new innovations, not only related to the production process but also to products.
More job opportunities
Industrialization spurred various businesses to develop. When the demand for manufacturing inputs increased significantly, various businesses in the primary sector sprang up. If previously relying on small-scale businesses, large companies have started working on the primary sector. An example is an agribusiness company, which has a supply chain …