It is difficult to separate capitalism from the Industrial Revolution. Justify this statement with the help of an example
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The Industrial Revolution created capitalism.
Explanation:
- Industrial Revolution began in the late 18th century in England.
- It changed society in many ways by introducing labour system and machinery.
- It gave rise to capitalism as it allowed the investor to invest, build industries and earn a profit.
- Capitalism introduced the competition in the market, which led to the growth of production in the industries.
Learn More:
Write Industrial Revolution. Explain the effects of industrial revolution.
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