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This chapter explores the meaning of industrialism. It considers some of the consequences which follow when industrialism is defined as ‘science-based technical progress embodied in physical equipment’. It discusses industrialism in relation to science-based technology, economies of scale, land, and labour.
Keywords: economic theory; economic growth; industrialism; science-based technology; economies of scale; land; labour
Chapter. 8982 words.
Subjects: Macroeconomics and Monetary Economics
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