One of the Most Important Preconditions of Industrialization That Was

question 28

Multiple Choice

One of the most important preconditions of industrialization that was best established in Great Britain was:

• A)an extensive system of paved highways maintained by the government.
• B)a small urban population.
• C)its widespread railway system wholly owned by the government.
• D)a commercialized system of agriculture.
• E)a small rural population.

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Definitions:

Disposable Income

Monetary assets available for households to invest in spending and saving after tax obligations.

Saving

The process of setting aside a portion of current income for future use, or the funds that have been set aside for such purposes.

Disposable Income

Financial holdings households can direct towards spending and saving activities after tax deductions.

Consumption

The act of using up goods and services to satisfy human needs and wants, considered a principal component of GDP.