F) Industrial capitalism

Tue, 05 May 2026 02:19:03 +0000

# Industrial Capitalism: Definition, Origins, Impact, and Modern Relevance Industrial capitalism stands as one of the most transformative economic systems in human history, shaping modern economies, labor structures, and global development. As a defining feature of the Industrial Revolution, industrial capitalism merged large-scale production, private ownership of capital, and market-driven economies to accelerate technological innovation and wealth creation—while also introducing complex social challenges. ## What Is Industrial Capitalism? Industrial capitalism refers to an economic system where the production of goods and services is dominated by large industrial enterprises rather than small workshops or agrarian economies. Unlike feudalism or mercantilism, industrial capitalism is characterized by: