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Three factors of production that helped produce an industrial revolution in great Britain​

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Final answer:

Great Britain's Industrial Revolution was driven by access to natural resources like coal and iron, a large labor force, and a favorable economic environment with available capital and free trade policies.

Step-by-step explanation:

Three key factors of production that were instrumental in driving the Industrial Revolution in Great Britain include access to natural resources, the availability of labor, and a favorable economic climate with sufficient capital.

Great Britain's abundant coal reserves powered steam engines, contributing significantly to increased productivity in various industries.

Iron ore was also crucial, as it was used in building infrastructure and machinery. The entrepreneurial spirit, supported by a stable government and a legal system that favored business enterprises, was essential in cultivating an environment ripe for industrial progress.

The growth in population due to improvements in agriculture provided a large workforce and created demand for consumer goods. The Bank of England supported economic growth by supplying the necessary capital and currency to pay wages and fund enterprises in key sectors such as shipping, mining, railroads, and factories.

Moreover, the existence of a stable government and the principles of free trade ensured that businesses were not impeded by undue restrictions, promoting an environment in which industrialization could flourish.

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