How does industrialization relate to economic development?

Multiple choice question for Characteristics and Institutions of Developing Countries. Select an option, then review the explanation below.

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Leads directly to developmentHas a positive correlation with developmentIs negatively associated with developmentPrevents developmentHas no impact on development

Explanation

Industrialization generally shows a positive relationship with economic development, meaning as industrialization increases, development tends to improve.

Practice related questions from the same subject.

1.What characteristic sets a dual economy apart from other types of economies?
2.What defines a dual economy in a country?
3.What is the ratio between the population density of developing nations and the total population of developed nations?
4.In low-income nations, how much surplus does the typical farming household generate?
5.If the real income of Developing Island rises from $120,000 in 2005 to $160,000 in 2006, and its population grows from 1,000 to 1,100 during that time, approximately how much did the real income per person increase?

How does industrialization relate to economic development?

Explanation

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