Social Sciences, asked by dasarishailaja, 1 year ago

what is the definition of industrial capitalism according to social

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Answered by sanjaykumar1810
1
Industrial capitalism refers to an economic and social system in which trade, industry and capital are privately controlled and operated for a profit. This is the dominate economic system in the United States and the developed world.

Wave Theory

A theory developed by Alvin Toffler in 1980 that classifies the past through major eras caused by revolutions. These revolutions cause conflict as one era ends and a new revolutionary era begins. This is significant because it helps to explain the conflicts that occurred during the industrial revolution as well as today.
Industrial Capitalism

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