Question

Role of insurance regulatory authority in business ethics

Answer 1

By the mid-18th century Britain was the world's leading commercial nation, controlling a global trading empire with colonies in North America and the Caribbean, and with some political influence on the Indian subcontinent, through the activities of the East India Company. The development of trade and the rise of business were major causes of the Industrial Revolution. The Industrial Revolution marks a major turning point in history; almost every aspect of daily life was influenced in some way. In particular, average income and population began to exhibit unprecedented sustained growth. Some economists say that the major impact of the Industrial Revolution was that the standard of living for the general population began to increase consistently for the first time in history, although others have said that it did not begin to meaningfully improve until the late 19th and 20th centuries.