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DEFINITION of 'Industrialization'. The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services.
Industrialization refers to the development of machine production of goods and new energy resources. Industrialization had many positive and negative effects on the citizens of Europe in the 18th and 19th centuries. Industrialization had many positive effects on society in Europe in the 18th and 19th centuries. The creation of power machines and factories provided many new job opportunities. The new machinery increased production speed of good and gave people the ability to transport raw materials. Industrialization also lead to urbanization.