Difference between an “Industry” and “Industrialization”

Difference between an “Industry” and “Industrialization”

An Industry can be defined as a group of firms that produce similar products.

while

Industrialization may be defined as the policy of establishing many industries in different parts of a country. Industrialization has been generally accepted as the surest and most direct route to economic development of a country.

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Somtochukwu
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Somtochukwu

Coach, Motivational Speaker, Writer and Teacher.

▪ Follower of Balancism.
Somtochukwu
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