Difination of capitalism on the basis of industrial revolution
Answers
Answered by
2
Answer:
Capitalism caused the Industrial Revolution because industrialization required significant work and investment from individuals and not necessarily the government. ... This investment from individuals, whose actions were guided by the profit motive, would not have been possible without the emergence of capitalism.
Answered by
0
Answer:
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector. Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.
Similar questions