Under an Industrial System, how can production be increased?
Under the industrial system, the production can be increased by adopting new techniques and advanced technologies.
The policy of liberalisation was taken up in 1990s. The main purpose of this policy was to boost industrial production by weeding out industrial stagnations.
The era of liberalisation introduced the new concept of multinational companies.
The scientific techniques of industrial management are being followed. The new methods of advertising are being adopted. More and more companies are decreasing the number of permanent employees and outsourcing their work to smaller companies.
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20.
Define westernization. Describe some of its forms.
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