What dose industrialization require in addition to the factors in the box

In addition to factors in the box, Industrialization requires Capital. Capital is required in order to invest in industry and set up enterprises.

Explanation:

Apart from land and labor, capital is the 3rd important key in ensuring that industrialization takes place in a region. Without investors willing to provide capital it would not be able be possible to hire land, machinery, people and develop a business that can run.

More than just free capital i. e. grants and interest-free loans, capital from an investor ensures profitability and a long-term vision.