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Question
Industrial Revolution and the Capitalist mode of production might have been helpful in some ways, it also caused problems in other ways. Discuss its disadvantages under the following head:
Unemployment
Solution
Unemployment:
Introduction of new machines threw a large number of manual workers on the street. Since men lost their work, in some parts of the world, there was a massive wave of riots.
RELATED QUESTIONS
Mention any two causes responsible for Industrialisation in England.
Name any two of the Early French socialists.
Mention any two differences between Capitalism and Socialism.
Industrial Revolution in England may be attributed to many factors. What was the role of the following factor:
Improved Transportation.
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Private Ownership versus State Ownership
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Market Economy versus Planned Economy
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Profit Maximisation versus Social Cohesion
With reference to Socialism, answer the following question:
What is meant by the term ‘Socialism’?
With reference to Capitalism and Socialism, state the following:
What according to you is better of the two economic systems? Give reasons to support your answer.
Comment on the statement that “Socialism emerged as a reaction to Capitalism”.
