Question

What is meant by industrial capitalism?

Answer 1

Hint: In today's modern era everything became so fast to happen as people don't have much time to spend on one thing. This age of mission brings lots of changes in industry, communication, and transportation. The basic focus of these changes is the growth of the City. At an early age, the amount of capitalism is used by the owner for its wasteful expenditure like their jewelry and luxury, etc but nowadays the extra revenue used in science and technology for growth.

Complete answer:
In the industrial revolution, industrial capitalism is the basic concept of that as they both are interlinked with each other.it has passed through many stages and also known as commercial capitalism. Before capitalism, a closed economic system was followed everywhere the changes occurred in it after capitalism in industrial capitalism the means of production was owned privately and trade increased so fast and the demand of manufacturing goods had been also increased we can say that the industrial capitalism motivated the industrial revolution. The main motive of the capitalist class was to earn a maximum profit for which the profits which the private owners gain from the early business they invest that amount in further business or production to earn more and more profit new technologies and techniques were adopted by them for more growth, better results and better profit.

Note: Industrial capitalism or capitalist facility is available now also and in many countries working for the growth of cities itself to make the most efficient but now in industrial capitalism, the goods produced totally for sale and in early time due to the lowest economy the goods were also for the local system and barter system also exist so the profits are generally only satisfied.