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Industrial Base

Definition

The industrial base refers to the collective productive capacity of a country or region's industry sectors including manufacturing, mining, agriculture etc., especially as used for military purposes.

Analogy

Imagine your favorite sports team. The players on the field are like an industrial base. They have different skills (production capacities) that work together to score points (produce goods).

Related terms

Industrial Revolution: A period from 1760 to 1840 where major changes in agriculture, manufacturing, mining and transport had a profound effect on socioeconomic conditions starting in Britain then subsequently spreading throughout Europe.

Manufacturing Sector: This sector includes industries engaged in transforming goods into new products through mechanical or chemical processes typically using power-driven machines and materials-handling equipment.

Economic Infrastructure: It refers to all public services (like power plants or transportation routes) which help support production activity within an economy.