Industrialize refers to the process of developing industries on a large scale within an economy. It involves shifting from predominantly agricultural-based production to mechanized manufacturing methods.
Related terms
Cottage Industry: Small-scale, home-based production where individuals or families create goods using traditional methods and tools.
Mass Production: The large-scale manufacture of standardized products, often utilizing assembly line techniques for efficiency.
Outsourcing: When a company contracts out specific tasks or processes to external businesses or countries with lower costs.