Modern capitalism is about free markets and a reduced role of the state in the economy. the British Indusrial Revolution was carried out without the support of the state.
True. The British Industrial Revolution was characterized by a significant expansion of capitalism and industrialization, which was driven by private enterprise and free markets rather than state intervention. The government at the time adopted a laissez-faire approach, minimal regulation, and limited involvement in economic activities, allowing businesses to operate with greater freedom and competition.
