Upon investigation, which factor of production grew in
prominence due to industrialization? (1 point)
capital
resources
capitalism
land
The factor of production that grew in prominence due to industrialization is capital.
Capital is the factor of production that grew in prominence due to industrialization. Industrialization involved the large-scale production of goods using machines and technology, which required significant investments in machinery, equipment, and infrastructure. As a result, the role of capital, which refers to the financial resources and assets used in the production process, became increasingly important during this period.
Upon investigation, the factor of production that grew in prominence due to industrialization is capital. Industrialization refers to the period when societies switched from an agricultural-based economy to a manufacturing-based economy, predominantly using machines and factories. As this transition occurred, the need for financial resources and investment increased significantly, leading to the growth in prominence of capital as a factor of production.
To arrive at this answer, one can examine the historical context of industrialization and understand its impact on economic systems. Industrialization brought about significant technological advancements, leading to the development of large-scale factories, machinery, and transportation networks. These advancements required substantial investments in infrastructure, machinery, and raw materials. Capital, which refers to financial resources or wealth that is used to produce goods and services, became crucial to the expansion and success of industrialization.
By understanding the core concept of industrialization and the factors that play a role in its success, one can conclude that capital, in the form of investments and financial resources, grew in prominence during this period.