Industrialisation (or industrialization) or an industrial revolution (in general, with lowercase letters) is a process of social and economic change whereby a human society is transformed from a pre-industrial to an industrial state (c.f.). This social and economic change is closely intertwined with technological innovation, particularly the development of large-scale energy production and metallurgy. Industrialisation is also related to some form of philosophical change, or to a different attitude in the perception of nature, though whether these philosophical changes are caused by industrialization or vice-versa is subject to debate.
Pre-industrial economies often rely on sustenance standards of living, whereby large portions of the population focus their collective resources on producing only what can be consumed by them, though there have also been quite a few pre-industrial economies with trade and commerce as a significant factor, enjoying wealth far beyond a sustenance standard of living. Famines were frequent in most pre-industrial societies, although some, such as the Netherlands and England of the 17th and 18th centuries were able to escape the famine cycle through increasing trade and commercialization of the agricultural sector.
Alvin Toffler calls the industrial society a Second Wave Society.
References
Bernal, John Desmond. Science and Industry in the Nineteenth Century. Bloomington: Indiana University Press , 1970.
Derry, Thomas Kingston and Trevor I. Williams. A Short History of Technology : From the Earliest Times to A.D. 1900. New York : Dover Publications, 1993.
Hobsbawm, Eric J.. Industry and Empire : From 1750 to the Present Day . New York : New Press ; Distributed by W.W. Norton,1999.
Kranzberg, Melvin and Carroll W. Pursell, Jr. editors. Technology in Western civilization. New York, Oxford University Press, 1967.
Landes, David S. The Unbound Prometheus : Technical Change and Industrial Development in Western Europe from 1750 to the Present. 2nd ed.. New York : Cambridge University Press, 2003.
Industry has the wider sense of the two, implying an habitual devotion to labor for some valuable end, as knowledge, property, etc. Diligence denotes earnest application to some specific object or pursuit, which more or less directly has a strong hold on one's interests or feelings.
Industrial school, a school for teaching one or more branches of industry; also, a school for educating neglected children, and training them to habits of industry.
We are more industrious than our forefathers, because in the present times the funds destined for the maintenance of industry are much greater in proportion to those which are likely to be employed in the maintenance of idleness, than they were two or three centuries ago.
An industry is generally any grouping of businesses that share a common method of generating profits, such as the "music industry", the "automobileindustry", or the "cattle industry".