Social and Behavioral Sciences Commons^™

Efficient Administration Of Credit For Small Scale Industrial Development., C. M. Anyanwu

Bullion

Industrial development involves the development of a technical arrangement that moves an economy from the traditional method of production to a more complex system of mass manufacture of a variety of goods and services involving technology and management techniques. Industrialization tends to propel growth and quicken the achievement of structural transformation and diversification of economies. It enables a country to utilize fully its factor endowments and depend less on the external sector for its growth and sustenance. Through industrialization, an economy gains the versatility and resilience that enable it to raise the standard of living of its people and cope …