The advantages of industrialization are given below:\tThe growth of industries has resulted in large scale production of goods which are available to the consumer at much cheaper rates.\tThere is saving of time and labor.\tIndustrialization has resulted in\xa0a considerable rise in the standard of living of the people.\tA number of substitutes in consumer goods are available. The customer get wide variety of choices.The disadvantages of Industrialization are discussed below:\tThe immediate result is in the gradual disappearance of many natural resources, the pollution of land, water and air.\tThe increase in vehicular traffic, launching of space ships and rockets by competing nations, the incessant working of machines in factories have brought in noise-pollution and dust and smoke.\tThe general dirty and unhealthy conditions in and around the industrial sites have affected human health and happiness. Diseases, unheard of before, are spreading far and wide.\tThere has been instances of\xa0child labor in factories.\xa0