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Question

Around the 1850s, during the Industrial Revolution, goods were produced in a large scale. Factories and other resources used in the production process were owned and managed by individuals called _________.

A
capitalists
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B
socialists
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C
billionaires
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D
industrialists
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Solution

The correct option is A capitalists
Around the 1850s, during the Industrial Revolution, goods were produced in large scale. Factories and other resources used in the production process were owned and managed by individuals called Capitalists. They invested money on machines, raw matierials and workers. Thus, they owned the factories.

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