The study of Industrial Revolution is a study of conjecture. It means that many factors were crucial for this revolution to take birth, such as economy, society, geography, and Polity.
Factors responsible for Industrial Revolution
According to Historians there many factors which played a prominent role in the development of Industrial Revolution, these are as follows:
1. Natural resources: For Industrial revolution, the natural resources is very important such as coal ann Iron ore. These resources were abundent in Europe and they also developed the technology to extract them, hence Industrial revolution first happened in England.
2. Capital resources: Thanks to the Feudalism, there were many capitalists who were waiting for the opportunity to invest their money. Therefore, without these capitalist class no one can dare to invest in something like Factory.
3. Human resources: The rise in Population created the rise in demand for goods, which directly linked to the rise of Factory production. Hence, Human resources did play a prominent factor.
4. Entrepreneurship: Lastly but not the least for a successful investment and market there is the need for entrepreneurial class, and these were found in England because of Scientific Revolution and Reformation.
Therefore, these four factors played a prominent role in the Industrial Revolution.
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