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Describe the past traditional industrial economy
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- Define Subsistence economies of industrial structures?Describe some of the advantages and disadvantages of industrialization and explain why Americans were reticent to modernize production in the late 18th and early 19th centuries.The process of industrialization is no simple affair. Several important questions have to be answered before a country proceeds to industrialize. What technology should be used? Write the importance of the choice of technology in the development process.