What progression model marked the transition from agrarian economies to industrial capital during the 18th century? 🔊
The progression model that marked the transition from agrarian economies to industrial capital during the 18th century is known as the Industrial Revolution. This period saw significant technological advancements, including the steam engine and mechanized production, leading to urbanization and the growth of factories. Societies began to shift from agrarian-based economies to industrial ones, with mass production changing labor patterns and social structures. The rise of industrial capitalism also prompted profound changes in class dynamics, resulting in the emergence of a distinct working class and leading to new economic theories about labor and capital relationships.
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