noun
production increase; industrial development; enhancement of one's fortune
Refers to increasing production, especially in an industrial or economic sense. The second gloss 'enhancement of one's fortune' is a less common, somewhat dated usage implying personal wealth building through productive enterprise.
政府は殖産興業政策を推進した。
The government promoted policies for increasing production and fostering industry.
彼は殖産に励み、一代で財を成した。
He devoted himself to building his fortune and amassed wealth in one generation.