True. Haber process represents the application of LeChâtlier's Principle. It also represents the use of catalyst to reduce the activation energy.
The rate of reaction and yield for eqn (1) are typically small to produce economical quantity of
One solution to increase rate of reaction is through the reduction of activation energy (i.e. reduce energy required during bond breaking) using catalyst. Another solution is through the application of LeChâtlier's Principle. Since each gaseous molecule contribute to pressure (see Ideal Gas Law), the application of pressure will force the reaction to proceed in the direction with the lower number of gaseous molecule. In this particular case, 4 gaseous reactant produces 2 gaseous molecule of
 The Synthetic Nitrogen Industry in World War I: Its Emergence and Expansion By Anthony S. Travis (pg 50)
 Prof. Shakhashir, Chemical of the Week,