Why did industralation was slow process in england?
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Although it has been labeled the "First Industrial Revolution," British growth and industrialization was slow between the 1760s and the 1820s. The explanation seems to lie with low capital formation shares in national income, low rates of accumulation, and thus little change in the capital-labor ratio.
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The pace of industrialization was slow in England because of the following reasons: The cotton and iron and steel industries were the only industries who developed rapidly in England. The other industries were still using old technology. The new industries could not easily displace traditional industries.
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