Question

What effect did entrepreneurs have upon the industrial revolution

Answer 1

Answer:

The industrial revolution was affected by entrepreneurs with the spinning mule effect.

Explanation:

The industrial revolution took place in Europe during the XVII and XIX centuries. The most important invention in this revolution was the spinning mule. This invention is a metaphor to the role of entrepreneurs in the industrial revolution.

The entrepreneurs are usually rich persons, they used their capital in the industrial revolution to open new businesses and enlarge their economic wealth. Therefore, the central role of entrepreneurs was to keep the revolution in motion in the sought of profits.