1. Industrial Revolution
... Industrialisation by Wrigley is said to "occur in a given country when real incomes per head begin to rise steadily and without apparent limit." Productivity also increases and the significance of industry as the backbone of the economy becomes apparent. Rostow claims that when an economy is being industrialised it "takes off" into "self-sustained growth" . This definition is in line with Wrigley ... things Work increasingly done by machine - this way it is quicker, cheaper, more reliable than using human hands. Supplementing/replacing of manpower with energy sources - coal, oil, steam,...
- Word Count: 1964
- Approx Pages: 8
- Has Bibliography
- Grade Level: Undergraduate