How does an increase in income lead to the development of industries

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asked Dec 8, 2022 192k views

1 Answer

Rob Hruska · Answer 1 · 2022-12-14T06:24:50+0000

Step-by-step explanation:

industrialization increases workers' income, it also enhances their capacity to save. These voluntary savings stimulate economic growth. By cumulative effect, they eventually lead to the further expansion of industry.

How does an increase in income lead to the development of industries

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How does an increase in income lead to the development of industries