HISTORY
CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For many Indian products there was a ready demand the world over
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Raw materials were readily and cheaply available
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Labour was extremely cheap
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Indian capitalist class wars well developed but unable to compete
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Detailed explanation-1: -Foreign capitalists were attracted to the Indian industry as it held the prospect of high profit. Labour was extremely cheap. Raw materials were cheaply available. And India and its neighbours provided a ready market.
Detailed explanation-2: -Production rose as a result of the division of labour and the construction of enormous enterprises. Greater capital utilisation and increased earnings result from increased production. The beginning of industrialization and the Industrial Revolution were both critically dependent on the establishment of capitalism.
Detailed explanation-3: -The business class in India initially supported the Civil Disobedience Movement. This was because the industrialists and merchants in India had become rich during the First World War. They were keen on expanding their businesses and wanted protection against foreign industries.
Detailed explanation-4: -They feared that if the movement became too revolutionary it could threaten capitalism itself. Hence when the movement was getting out of hand they tried to bring it back to constitutional opposition. They also weren’t in favor of all out hostility to the government as it hampered day to day interests.