Final answer:
Capitalism contributed to the growth of the economy and industrialization by incentivizing entrepreneurs to create businesses, which led to the formation of large corporations that controlled production cycles and suppressed competition.
Step-by-step explanation:
Capitalism fueled industrialization and grew the economy primarily by encouraging entrepreneurs to establish businesses. This economic system facilitated the growth of industries because it allowed individuals to use their capital to create substantial corporate entities. These corporations could control all aspects of the production cycle, from sourcing raw materials to selling finished products, effectively gaining the ability to buy out or suppress competition. Industrialization increased the availability of goods and consumer items, transforming economic and social relationships and introducing competition and progress that continues to shape modern society.