What economic system emerged as a result of the Industrial Revolution?

The emergence of capitalism as a result of the Industrial Revolution can be attributed to the transformative changes that occurred in production processes, labor organization, and the growth of markets. As industrialization progressed, factories became the primary means of production, leading to a shift from agrarian economies to manufacturing-based economies.

Capitalism is characterized by private ownership of the means of production, where individuals or corporations invest capital to generate profit. The Industrial Revolution created a new class of entrepreneurs and business owners who sought to maximize efficiency and output. Innovations such as the steam engine and mechanized textile production reduced costs and increased the scale of production, further enhancing the profit motive central to capitalism.

Additionally, the rise in urbanization and the movement of labor to cities formed a workforce ready to work in factories, which fueled economic growth. The proliferation of technological advancements and the expansion of trade networks underpinned the capitalist system, as production centers could efficiently supply goods to markets that were becoming increasingly connected.

In contrast to the other choices, feudalism represents a pre-capitalist societal system where land ownership and a system of obligations defined social and economic relationships. Socialism, while gaining prominence later in history partly in response to the inequalities of capitalism, did not emerge directly from the Industrial