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Q: What are the factors of production and why were they important during the industrial revolution?
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What were factors of production required to drive the industrial revolution?

What were three factors of production required to drive the industrial revolution? that is not an answer the answer is: Land, labor, and capital _______________ that is correct, thanks


What were the three factors of production required to drive the Industrial Revolution?

What were three factors of production required to drive the industrial revolution? that is not an answer the answer is: Land, labor, and capital _______________ that is correct, thanks


How did factors of production contribute to the Industrial Revolution in great Britain?

The factors of production contributed to the industrial revolution. The improvements in the process of productions (land,labor and capital) so more people were inventing new tools or machinery which led to a great amount of products in other words it was the industrial revolution. England is said to be the nation where the industrial revolution began in the early 18th century.


List britain’s 3 factors of production?

Natural Resources Another major reason why the Industrial Revolution began in Great Britain was that it had an abundant supply of what economists call the three factors of production. These factors of production are land, labor, and capital.


What were the factors development of both the industrial revolution and the market revolution?

Two factors that spurred the development of the industrial and the market revolution were the invention of steam technology and computers.


What is meant by strong industrial growth?

Strong industrial growth means expanding the factors of production, which is input of the industrial which results in the expand of output. The four factors of production are: enterprise, labour, land, and capital


What were factors of production that helped produce an industrial revolution in Great Britain?

-exploration and colonialism-sea power-political stability-government support-growth of private investment


Why are factors of production important in business?

Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.


Describe five factors that contributed to the Industrial Revolution in britain.?

coal, iron, textiles, transportation, and pottery. (shark)


What 6 factors contributed to the the start of the Industrial Revolution?

The Five Factors that Contributed to the Start of the Industrial Revolution are:1. Plentiful Natural Resources2. Improved Transportation3. Growing Population4. high immigration5. New Inventions


The industrial revolution increased the power and wealth of?

it did not increase the power of anything, the industrial revolution harnessed the power of steam. :) :) :) by abbie mcalpine


What were the factors of production for the Industrial Revolution?

steam engines, water transportation, road transportation, and railroad transportation were major developments during the industrial revolution.