Examlex
When development is viewed as consisting of a series of discrete, distinct steps, it is said to be
Industrialization
The transformation process in which an economy shifts from largely focusing on agriculture to mainly concentrating on the manufacturing of products.
Suburban Tract Development
The process of dividing an area of land, often in the outskirts of a city, into lots for the construction of a large number of similar homes or residential units.
Levittown
One of the first mass-produced suburban housing developments in the U.S., symbolizing post-WWII suburban growth.
Recessions
Periods of economic decline identified by a decrease in GDP in two successive quarters, characterized by reduced spending and increased unemployment.
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