Technological Advancements:
- New inventions and technologies, such as the steam engine, spinning jenny, and power loom, revolutionized industries and increased productivity.
Availability of Resources:
- Access to abundant natural resources like coal, iron, and water power fueled industrial growth.
Capital Investment:
- The accumulation of wealth through trade and colonialism allowed for substantial investments in industrial ventures.
Labor Force:
- A growing population and urbanization created a large labor force willing to work in factories for relatively low wages.
Expansion of Markets:
- The rise of global trade expanded markets for manufactured goods, driving production and economic growth.
Transportation Improvements:
- Developments in transportation infrastructure, like canals, roads, and railways, facilitated the efficient movement of goods.