Question

The industrial revolution gave rise to ……………………….
A. Capitalism
B. Modern age
C. Intellectual revolution
D. Fascism

Answer 1

Hint: The Industrial Revolution, now also known as the First Industrial Revolution, was a transition to new manufacturing processes in Europe and the United States during a certain period between 1760 and 1820 and 1840.

Complete step by step answer:
The industrial revolution began in the UK, and many technological innovations originated in the UK. By the middle of the 18th century, Britain had become the world’s leading business nation, controlling a global trade empire, the empire and its colonies in North America and the Caribbean, as well as the Indian subcontinent, especially the proto-industrial Mughal and Bengal. The main military and political hegemony, through the activities of the East India Company. The Industrial Revolution brought capitalism, in which a country's trade and industry are controlled by private owners for profit, rather than controlled by the state. Industrialization leads to population growth and urbanization, as more and more people move to urban centers in search of work. The main characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, and recognition of property rights, voluntary exchanges, and paid labor. In a capitalist market economy, decision-making and investment are determined by each owner of wealth, property, or production capacity in the capital and financial markets, while the prices and distribution of goods and services are mainly determined by competition in the market for goods and services.

So, the correct answer is Option A.

Note: Capitalism has many advantages. Capitalism ensures efficiency because it regulates itself through competition. It promotes innovation, freedom, and opportunity.