This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the likely reason for the Industrial Revolution to have started in Britain and not somewhere ... (Read 198 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
What is the likely reason for the Industrial Revolution to have started in Britain and not somewhere else?
 
  What will be an ideal response?

Question 2

Transfer payments include
 
  A) open market sales. B) Social Security.
  C) consumption taxes. D) dividends.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

The primary reason for why the Industrial Revolution started in Britain is that institutions in Britain were inclusive. Britain had a well-developed market system with private property rights. This improved profitability of businesses, and encouraged entrepreneurs to innovate. Britain also had a patent system that allowed the inventors of new technologies to protect their property rights not only in tangible assets but also in ideas. These institutional features of the British society were the key prerequisites for the industrial revolution.

Answer to Question 2

B


madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jun 30, 2018
Correct answers!


mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Industrial Regions Industrial Regions
Formation of industrial smog Formation of industrial smog
Industrial and transport sources are responsible for a large proportion of global GHG emission Industrial and transport sources are responsible for a large proportion of global GHG emission
Ian Van Dahl - Reason Ian Van Dahl - Reason
Nancy borrowed $8000 from her grandfather to buy a car when she started college. The interest ... Nancy borrowed $8000 from her grandfather to buy a car when she started college. The interest ...
Reason why its incrorect Reason why its incrorect
Video: Muscular Dystrophy

For a complete list of videos, visit our video library