Which was a main benefit of industrialization?
Governments funded more investments in business.
Business owners hired the most competent workers.
Workers took on varied tasks and performed diverse roles.
The number of private banks in Europe began to decrease.
Answers
Answer:
Government funded more investment in business
Explanation:
Answer:
A main benefit of industrialization was business owners hired the most competent workers.
Know more about industrialization:
It usually refers to the process by which agricultural and traditional societies transform into industrial production based societies but is difficult to define precisely. In human history, it can be said that the process is still going on, starting from England at the end of the 18th century. Generally, this means that the weight of the industrial sector in each country's economy will increase deterministically and historically in each country.It is almost the same phenomenon called industrial revolution. Industrialization in this sense means accumulation of industrial capital, especially fixed capital energy, rapid growth of population, concentration of labor force in secondary industries, advancement of technological innovation in secondary industries and above all an individual. It is marked by the beginning of sustained growth in national income.WW Rostow stated the theory of industrialization as the best theoretician in terms of initiating sustainable economic growth. According to him, a traditional and stable agrarian society would be a decisive turning point when <pre-conditions> such as agricultural improvement (<agricultural revolution>) and accumulation of commercial capital were established.
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