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Industrial capitalism refers to an economic and social system in which trade, industry and capital are privately controlled and operated for a profit. In a capitalist system,income, production, distribution, investments pricing and supply of goods and commodities and services are determined by private decisions usually within the context of markets. In a capitalistic state, property is privately owned and this is protected by the rule of law of government. Thus in the rise of industrial capitalism, we are looking at starting of when individuals in a society started acquiring property privately.

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Q: What does industrial capitalism mean?
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Economic system based on industrial production?

industrial capitalism


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Capitalism emerged from feudalism and the trans-Atlantic slave trade. Capitalism fully developed in its modern form in the industrial revolution.


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