Definition, Meaning & Synonyms

industrial-capitalism

noun

/ɪnˈdʌstriəl ˈkæpɪtəlɪzəm/

Definition

A socio-economic system characterized by the progressive shift from agrarian economies to industrial production and the dominance of capital investment in industries.

Examples

The rise of industrial capitalism during the 19th century transformed economies worldwide.
Many believe that industrial capitalism is responsible for both innovation and environmental challenges.
Countries that embraced industrial capitalism often saw rapid urban growth.

Meaning

Industrial capitalism refers to the economic phase where industrial production becomes the primary means of creating wealth, driven by private ownership and investment in manufacturing and production facilities.