Question

Describe the role of industrialisation in the development of economy.

Answer 1

1:A process of change in the technology which is used to produce goods and service is called industrialization. It plays a very important role in the development of the economy.
2:Industrialization increases the supply of goods for internal and external markets. The government receives revenue in the form of custom and excise duties, sales, and income taxes from the industrialists due to which government revenue increases.