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Britain's economy, while initially a leader in industrialization, faced challenges that contributed to its weakening over time. The reliance on traditional industries, coupled with a lack of investment in new technologies and a rigid labor market, hindered innovation. Additionally, competition from emerging industrial powers, such as Germany and the United States, further strained Britain's industrial base. This economic stagnation, along with social and political factors, ultimately slowed the pace of industrial advancement in the country.
What else can I help you with?
How do most governments play a role in the economy?
Answer They promote a stable economy.
What role does Italy play in global economy?
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What role do TNCs play in the global economy?
TNCs impact on the economy by putting money into the the economy. Also showing the economic prosperity of the country
What role does fishing play in the European economy?
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No role the government should play.
Despite the weakening of the progressive reform drive after World War 1 during the 1920s?
The idea that government had some role to play in managing the economy had become firmly established.
Despite the weakening of the Progressive reform drive after World War 1 during the 1920s .?
The idea that government had some role to play in managing the economy had become firmly established.
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How do most governments play a role in the economy?
Answer They promote a stable economy.
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What role does Italy play in global economy?
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How did the civil war play a role in the industrialization of America?
Huge demand for war materials, supplied by the Northern factories.
