OPTION (D) Region 1, Which consists of Boston, Philadelphia and New York, Experiences the most Industrialization. because they are the greatest concentrated markets, they have the most capital, and their wholesalers provide access to regional and sub regional markets outside the metropolises.
What is Industrialization?
Industrialization is the period of economic and social change that transforms the population from an agrarian society to an industrial society. This involves a huge re-organization of an economy for the purpose of manufacturing.
What is Capital?
In economics, capital goods or capital consists of "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year."
What is Metropolises?
A metropolis is a large conurbation or city which is a significant economic, cultural, and political center for a region or country, and an important hub for regional or international connections, commerce, and
communications.
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