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What dose industrialization require in addition to the factors in the box

User Novus
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Answer:

In addition to factors in the box, Industrialization requires Capital. Capital is required in order to invest in industry and set up enterprises.

Step-by-step explanation:

Apart from land and labor, capital is the 3rd important key in ensuring that industrialization takes place in a region. Without investors willing to provide capital it would not be able be possible to hire land, machinery, people and develop a business that can run.

More than just free capital i.e. grants and interest-free loans, capital from an investor ensures profitability and a long-term vision.

User Tudor Morar
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