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Pre-industrial economies generally rely on sustenance standards of living, whereby the population focuses collective resources on producing only what can be consumed by the population, though there have also been quite a few pre-industrial economies with trade and commerce as a significant factor.
When capitalized, Industrial Revolution refers to the first known industrial revolution, which took place in Europe during the 18th and 19th centuries. (c.f.) The Second Industrial Revolution describes later, somewhat less dramatic changes which came about with the widespread availability of Electric power and the Internal-combustion engine.
Many third world countries began industrialization under the influence of either the United States or the USSR during the Cold War.
See also: Newly industrialized countries