What do capitalism and industrialization have in common?

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mkoren | Middle School Teacher | (Level 3) Senior Educator

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There are some things that capitalism and industrialization have in common. Both capitalism and industrialization represent the spirit of taking risks to make a profit. In the capitalist system, people are free to make their own choices. They may invest in different ideas, and they may choose to start some kind of business. With industrialization, the same process occurs. People are willing to take risks to start new businesses or invent new products with the hope that they will become very successful and make a lot of money. This spirit of entrepreneurship is common to both the system of capitalism and industrialization. In both situations, supply and demand will determine if they can make a lot of money and become successful. There are opportunities for significant gain as well as opportunities for significant loss. While capitalism and industrialization have significant risks, there is also the potential for big rewards. Both of these systems have several things in common.

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