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the point
Urbanization
The process through which cities grow, and higher percentages of the population come to live in urban areas.
Economic Growth
Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured as the rate of increase in real GDP.
Capital Formation
The process of building up the physical and financial assets of an economy for the production of goods and services.
Manufacturing
The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.
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