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What are the processes of industrialisation for productivity?
The process of industrialisation increases productivity and per capita incomes and includes:
a. Urbanisation
b. Expansion of transport infrastructure
c. The introduction of latest production methods and capital equipment along with
d. Raised specialisation and separation of labour.
(i) Explain the term capital accumulation. (ii) Explain the different views on economic development. (iii) In the golden age of globalization countries, especially develop
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meaning of deductive and inductive method.
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