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 202 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?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

The Roosevelt Political Revolution (2 of 2) The Roosevelt Political Revolution (2 of 2)
Upsetting the entire social order, the French Revolution removed the past as a sure guide to the ... Upsetting the entire social order, the French Revolution removed the past as a sure guide to the ...
Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
Industrial Regions Industrial Regions
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
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library