BRITAIN TOWARD A NEW ECONOMY ? Since the early days of the Industrial Revolution, from 1760-1830 progress, innovation and growth in every field of human endeavour have served to transform industry, economics and society. The discovery of new and better ways of combining land, labour and capital to enable the production of goods, determining technological progress. Whether progress has been embodied or disembodied it has facilitated economic development from agricultural to industrial dominance. (Heathfield & Russell, 1992). …
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