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10/06/2021

What factors allowed other nations to industrialize after Britain?

What factors allowed other nations to industrialize after Britain?

What factors led to the Industrialization of other nations after Britain? They had abundant supplies of natural resources and were able to use the ideas and technology that Britain had developed. What was the dynamo’s impact on the Industrial Revolution? It generated electricity that powered the machines.

What were the four factors of production?

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.

What were the factors of production present in Britain that encouraged the industrial revolution?

What were the factors of production present in Britain that encouraged the industrial revolution? Land: Britain had natural resources – water power, coal, iron ore, rivers, harbors. Capital: Britain had a stable banking system that encouraged loans for investment in machines and business.

What were the four factors of production required for industrialization?

The four factors of production: land, labor, resources, and entrepreneurship were all important to the success of the Industrial Revolution.

Who proposed a country is poor because it is poor?

Ragnar Nurkse

Which country has more than half of its population lives in poverty?

In Ethiopia, India, Indonesia, Ghana, and China more than half the population lived in extreme poverty a generation ago. But after two decades of growth the share in extreme poverty more than halved in all these countries.

In what ways do developing countries depend on rich countries?

In general, developing countries trade with rich countries. Developing countries depend on wealthier countries for: * Firstly, demand for their products, such as bananas, coffee, or abundant natural resources such as oil/iron ore/bauxite/precious metals. Jobs that otherwise would not exist.