Question

Upon investigation, which factor of production grew in prominence due to industrialization
Resource
Land
Capitalism
Capital

Answer 1

During industrialization, the factor of production that grew in prominence was **capital**. Industrialization involved the accumulation of financial capital used for investment in machinery, technology, and infrastructure, which significantly increased production capacity and efficiency. While land and resources were still important, the focus shifted toward capital—both in terms of financial investment and physical assets—that supported industrial activities and economic growth. Additionally, capitalism as an economic system also became more prominent, fostering an environment that encouraged investment and innovation. However, in the context of direct factors of production, capital was the key driver of growth during industrialization.