Final answer:
Great Britain's industrialization was enabled by its access to factors of production including natural resources, a labor force bolstered by a population increase, and capital from investors backed by a stable government and banking system.
Step-by-step explanation:
The factors of production are the resources needed for the creation of goods and services essential to spur economic activity. These include land (or natural resources), labor, capital, and entrepreneurship. Great Britain's industrialization was greatly enabled by an abundance of these very factors.
During the late 18th and early 19th centuries, Great Britain had significant advantages such as access to natural resources like coal and iron, key in driving technological advancements like the steam engine. Navigable rivers and ports facilitated trade and transportation.
Furthermore, the Agricultural Revolution in Britain led to increased food production and a population boom, both creating a large workforce for factories as well as consumer demand for manufactured goods. The existence of investors with capital to invest in industrial enterprises and a governmental infrastructure supportive of economic growth, including a stable government and the Bank of England, provided the economic framework necessary for industrial progress.
Britain's political stability, belief in free trade, and reliable banking system attracted investment, while an effective legal system protected enterprise. All these factors combined to position Great Britain as the epicenter of the industrial revolution, fostering a society ripe for the transition from an agrarian to an industrialized nation. The result was a powerful economic transformation that propelled Great Britain to lead the global industrial revolution.