Answer :

Britain did not depend on different parts of the world for raw material and capital.


Explanation: England had an abundant supply of raw materials that spearheaded the industrial revolution in the country. Along with a big supply of coal and iron often found next to each other, it also had a modest climate which was ideal for the cotton industry. The easy availability of raw materials was further augmented by a cheap and efficient supply of water power. Britain had a reserve of capital as the country was known for its commercial pursuits with other countries from the beginning of the seventeenth century, which had earned them huge profits. The use of this wealth by the Bank of England in proper investments, along with the rise of the London money market, joint-stock banks, and Joint Stock Corporation made capital easily available for entrepreneurs.


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