Political stability - allowed the government to support the growth of the industry.
Natural resources- provided the raw materials needed for new products.
Entrepreneurs- took risks in business to bring new products to the market.
Transportation innovations- allowed products and raw materials to be moved more quickly.
Explanation:
Industrialization refers to the industrial revolution during the 18th and 19th century. the revolution paved new ways in the world of development. The availability of raw materials is the major factor that led to the emergence of industrialization. New market plans and development in the field of machine and technology helped the processing of the raw materials in the finished products. Political stability helped in concentrating more on the development and least on the political arrangements. Entrepreneurs started developing ideas for the industrial setup and found new investors who were willing to invest in the production. With the advancements in the machinery, the transportation facility also saw its progression. Transportation facility in return helped in easy movement and export of the finished products.
