Industrialized Nation

Definition

An industrialized nation is one that has undergone significant economic transformation through the development of industries and advanced manufacturing. These nations have shifted away from primarily agricultural economies towards those based on mass production and technological advancements.

Related terms

Urbanization: Urbanization refers to the process of population shifting from rural areas to urban cities due to industrialization and job opportunities.

Assembly Line: An assembly line is a method used in mass production where products move along a conveyor belt while workers perform specific tasks at each station.

Capitalism: Capitalism is an economic system characterized by private ownership of industries and businesses with the goal of generating profits.