What is industrial capitalism definition?

Industrial capitalism is an economic system characterized by the private ownership of the means of production, where goods are produced at a large scale using industrial methods. It emphasizes the role of capital investment, technological innovation, and wage labor in driving economic growth. This system emerged during the Industrial Revolution and is marked by the accumulation of capital, the expansion of markets, and the concentration of economic power in the hands of a few. It contrasts with earlier forms of capitalism that were more agrarian and artisan-based.