GuideFoot - Learn Together, Grow Smarter. Logo

In Business / High School | 2014-10-08

How did capitalism fuel industrialization?

Asked by SuHemry119

Answer (3)

** Capitalists want to make money . . . the best way to do that is to make businesses/production more profitable by increasing production to a large scale (i.e. industrialization) **

Answered by Anonymous | 2024-06-10

by encouraging entrepreneurs to establish businesses ;

Answered by e2ferstler | 2024-06-15

Capitalism fueled industrialization by promoting entrepreneurship, enabling investment, and encouraging competition that led to innovations and mechanization. This system allowed for mass production and global trade, significantly changing the economic landscape. However, it also brought about challenges such as worker exploitation and harsh labor conditions.
;

Answered by e2ferstler | 2024-12-26