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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 was a major factor in the economic and cultural upsurge in the countryâs formerly backward regions. It contributed to the creation of modern industry in the outlying parts of the country and to the formation among the nationalities of working-class specialists and a technical intelligentsia.