What is the process of an economy's increasing industrialization, standard of living, and economic wealth

Indusrialisation in an economy works many wonders. on one hand it increases the national production, and on the other hand it provides jobs to the people. more and more people join in the manyfacturing business which increases their income and that increases their standard ofliving. with growing number of products, the economy can then start the exports of a product a bit like the japanese export cars to all over the world.and that exports brings in the foriegn reserves that increases the national wealth.

It is the second answer