What Is Needed for Industrialization

What is Needed for Industrialization History 10 Marks 16 Questions

1. Make a list of factors needed for industrialization a. b. c. d. e. f. g. g.i. Of those which one or two do you believe are most important why? ______.

2. Developing countries in Asia, Africa, and Latin America often get aid from countries that are already industrialized to build hydroelectric dams, steel plants, or other projects. Which factors needed for industrialization are, in such situations, being supplied from the outside? ______. Name one factor that may still be missing and therefore make the project fail to produce the desired economic development. ______. Why might it fail? ______.

3. Match the terms a. Capital _____ 1. Money available to invest in something that may make money.

b. Natural Resources ______2. People ready, willing, and capable to work.

c. Entrepreneur ______3. Situation in which what is produced is only enough on which to live.

d. Subsistence Economy _____ 4. A risk taker whose goal is to make profits.

e. Labor _____ 5. A useful substance found in nature.