Explain Why China Had No Industrial Revolution

question 12

Essay

Explain why China had no industrial revolution. Support your answer with examples.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied by producers.

Complement

A good or service that is used together with another, increasing demand for both as the use of one enhances the value or utility of the other.

Demand Curve

A graph plotting the quantity of a good that buyers wish to purchase at different price levels, typically sloping downwards from left to right.

Consumer Confidence

A measure of the overall consumer optimism about the state of an economy, reflected through spending and saving behaviors.