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How did capitalism finance the Industrial Revolution?


Sagot :

Answer:

By investing more into research and development and industrial engineering to increase output and hence the revenue

Explanation:

As per the beliefs of capitalisms, the industrialist have done all havoc to the nature, environment and mankind to nurture financial benefits during the industrial revolution. The total cost of the good and services was at its peak during the industrial revolution and at the same time the technological advancement further boosted the total output of the earth. The capitalist further put more money into research and development for generating maximum financial benefits out of it. Hence, in nutshell, they financed the Industrial Revolution