Laissez-faire capitalism was responsible for problems that arose during the Industrial Revolution, such as child labor, hazardous and unhealthy working conditions, and a lack of fundamental worker rights.
<h3>How did capitalism change as a result of the Industrial Revolution?</h3>
The household system was replaced by the factory system, and small-scale production was replaced by mass production, which were the two fundamental developments brought about by the Industrial Revolution. Industrial capitalism and financial capitalism both grew as a result of the industrial revolution.
<h3>How was imperialism influenced by the Industrial Revolution?</h3>
The industrial revolution gave Europe the ability to successfully conquer and profitably sustain so many colonies abroad, which was the driving factor behind this new Imperialism. Due to the industrial revolution, Europe had little choice but to conquer other territories.
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<u>Answer</u>:
Capitalism is A) an economic system which allows individual to own and operate private businesses.
<u>Explanation</u>:
The term Capitalism refers to an economic system that encourages private ownership. Private ownership means that the resources are owned by an individual or private company. A country is said to be capitalist if its trade, industry along with profits are managed by the private companies.
In other words, individuals are authorized to own and run private enterprises. Capitalism is one of the earliest types of economic systems of the world and is embraced by various countries like the United States, Canada, Germany, United Kingdom, Japan, etc.
Hence, option A is right, Capitalism permits people to own and run private enterprises.
When Australia joined the war in August 1914, the reaction was one of excitement, especially among young men. Australian men answered the call to war with a sense of adventure, duty and enthusiasm. As Australian armed forces grew from 3,000 to 50,000, some soldiers struggled with the discipline of military life.
The Main Concepts of Confucianism. Abstract: The main concepts of Confucianism are discussed. and li are often said to constitute the basis of Confucianism. A. Jen (wren): human heartedness; goodness; benevolence, man-to-man-ness; what makes man distinctively human (that which gives human beings their humanity).
The spread of Humankind to inhabit all the part of the Globe was a significant advancement in the Paleolithic age.
The Paleolithic Age is commonly known as the Stone Age, begun roughly 500,000 years ago and ended around 6000 B.C.E. People in this period produced complex tools and objects made out of stones. This age comprises the initial widespread use of technology as humans advanced from simplistic to a more complicated developmental stage and the spread of Humanity from the Savannas of East Africa to the rest of the world.
