What Was a Significant Difference in Industrialization in Britain Compared

question 83

Multiple Choice

What was a significant difference in industrialization in Britain compared to the rest of continent?

• A) It was fueled by technology and private capital.
• B) It was driven by the transition from mercantilism.
• C) It was promoted by government investment.
• D) Private entrepreneurialism was outlawed.
• E) Like early merchant companies, it relied on joint stock investors.

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Definitions:

Affiliated

Being officially attached or connected to an organization.

Piece-rates

A pay system where employees are compensated based on the amount of work they produce or complete.

Product Quality

The characteristics of a product that determine its ability to satisfy stated or implied needs.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource.