industrial capitalism
Manufacturing-based market system
Industrial capitalism is an economic system in which privately owned factories and mechanized production generate wealth and profit.
It emerged in the late 18th century with the Industrial Revolution, displacing agricultural and merchant capitalism as the dominant form.
The system concentrates workers in factories, separates labor from ownership of production, and reinvests profits into expanding industrial capacity.
Industrial capitalism transformed England from a rural society into an urban one within two generations.
- private propertyIndividually owned assets
- means of productionTools and facilities for manufacturing
- class struggleConflict between economic groups
- wage laborWork exchanged for payment
- wage slaveryCompulsory labor for survival
steam engine · laissez-faire economics · invisible hand · proletariat · factory system · assembly line · alienation · working conditions · exploitation · labor unions · textile mills · company towns · Fordism · bourgeoisie · commodification · mass production · mechanization · free markets
- capitalismfree market, free enterprise, private property, profit motive, supply and demand
- industrializationfactory, factories, manufacturing, urbanisation, assembly lines
- MarxismMarx, Karl Marx, Engels, Friedrich Engels, proletariat
industrial capitalismcommunism
Collective ownership system
socialism · state socialism · command economy · Marxism · planned economy
industrial capitalismfeudalism
Land-for-service social structure
manorialism · slave economy · mercantilism · cottage industry · plantation economy
industrial capitalismdegrowth
Intentional economic contraction movement
localism · small-scale farming · bioregionalism · subsistence economy · agrarianism
industrial, capitalism, industry, industries, industrialize, industrialized, industrializing, industrialization, industrialist