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20 November, 16:45

How did government policy influence industrial growth?

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  1. 20 November, 19:38
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    Government policy influence growth as well as availability of land and resources. Government policy made a way of treating different industries with a different perspective.

    Explanation:

    The industrial revolution promotes the growth of various industries which is based upon agriculture. Industrial revolution brought new machineries, new work strategies which expands the growth and overall development. Like Laissez-faire inspired the hire of immigrant efficient labor for better input.

    Government provides sufficient fund for growth, promotion of different large and medium scale industries like steel industry, ship industry etc. Increase in population, change in employment status and urbanization pattern - a overall social change brought by industrial growth.
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