Why are there big industries in …
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Meghna Thapar 5 years, 6 months ago
Industrialization causes the income of people to rise, and improves their standard of living. There is a rise in income, and so rate of savings, rate of investment and rate of spending also rises automatically. This is an important event for the rapid growth of a country. International companies sell their products worldwide, but many manufacture their goods in developing countries. ... Also, governments in developing countries often give international companies incentives, such as lower taxes and fewer regulations, to persuade them to set up factories.
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