wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

is the process of producing goods using modern techniques on a large scale.

A
Globalisation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Industrialisation
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Liberalisation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Production
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Industrialisation
Industrialisation refers to the process of using modern techniques to produce goods that are required by both consumers and other producers on a large scale. Industrialisation is an important process as both the agriculture and the service sectors depend on it. In addition, it helps in reducing the cost of production.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
16C12P17S03 720p RF 25 Wavefronts
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon