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.