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Industrialization
The process in which a society transforms itself from a primarily agricultural society to one based on the manufacturing of goods and services.
Industrial Revolution
The process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing.
Urbanization
The process by which cities grow and become larger as more and more people begin living and working in central areas.
Market Economy
Rely on individuals and businesses making decisions based on supply and demand.
Planned Economy
Centrally controlled by the government, which rules production and distribution.
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