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Kazeer [188]
3 years ago
11

____is the process of an economy’s increasing industrialization, standard of living, and economic wealth.

Social Studies
2 answers:
Afina-wow [57]3 years ago
5 0

I think the answer is development

cestrela7 [59]3 years ago
5 0
<h2>Answer:</h2>

<u>Development</u> is the process of increase in economy's industrialization, living standard, and economic wealth.

<h2>Explanation:</h2>

When there is an upsurge in the earnings of the people, it is observed that it is most probably because of the increased opportunities of income.  

These opportunities increase with increasing industrialization within the economy. Increased earnings raise the overall standard of living of the people and also better the economic status of the people. This entire process is called 'development'.

The economic development is divided into three stages which includes structural transformation, demographic transition, and urbanization process.

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