One of the reasons the Industrial Revolution started in Britain is that ________.
A) Britain was a command economy
B) property rights were absent in Britain
C) economic agents in Britain opposed creative destruction
D) Britain had inclusive institutions

Question

Quizplus · Accepted Answer

Britain had inclusive institutions that provided a supportive environment for innovation and entrepreneurship. These institutions included secure property rights, political stability, and the rule of law, which allowed for the accumulation of capital and investment in new technologies. Additionally, Britain had a well-developed financial sector, access to colonies that provided raw materials, and a large labor force to support industrialization.

One of the Reasons the Industrial Revolution Started in Britain