Industrialization is the transformation of an agricultural- or resource-based economy towards an economy based on mechanized manufacturing. During the 18th and 19th centuries, it was prevalent in Europe and North America and was, for some time, the only way for countries to achieve economic growth.

Industrial production is characterized by the use of machines, factories, power and transportation, the development of communications and infrastructure, the extraction of mineral resources, and the optimization of markets and industries. The most common products of industrialization include metal and steel products, chemicals, oil, textiles, aircraft, and cars.

Industries need to invest in capital and technology to increase efficiency, which costs money. Therefore, governments usually sponsor industrialization by offering incentives such as tax breaks, grants, and access to scientific research and technological advancements. This encourages investors to invest in their industrialization, leading to the growth of industries and increased employment.

The impact of industrialization goes beyond just the economic impacts. It changes how people live, how they travel, and even how they think. It has revolutionized the way goods are produced and distributed, and has increased international trade. It also affects the environment and the quality of life.

The positives of industrialization far outweigh the negatives. It creates economic growth and creates jobs for people who would not have had the opportunity to find work before. It has also created a more efficient global market, which further encourages economic growth. Industrialization has increased life expectancy, improved living standards, and raised education levels of those living in industrialized nations.

However, industrialization also has negative consequences for both the environment and global population. The use of fossil fuels has caused an increase in pollution and global warming. In addition, industrialization has led to the displacement of rural populations, deforestation, and the exploitation of laborers in certain countries.

Overall, industrialization has had an overwhelmingly positive impact on society. It has improved global economies, increased jobs and incomes, improved public health, and increased global interconnectivity. Despite the negative consequences of industrialization, its positive effects on global society are undeniable.