How have world economies evolved from the Industrial Revolution to today?
1 Answer
Apr 10, 2017
They have been divided into industrialized economies and non-industrialized economies.
Explanation:
The nations of the Western World have undergone insustrialization and thus the standard of living rose like nowhere else. The secondary and the Third sector to a large extent.
In non-industrialized nations the Primary sector remained dominant since no industry developed. Some countries are intermediary since they are undergoing industrialization but they have not reached the wealth of Developed countries( for instance India and China).
