MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay

MODERN task in Comparative Perspective (EXAM PREPARATION) - Essay ExampleThis was happened between the 17th and eighteenth centuryIn the late 17th century, the United Kingdom (UK) began the industrial revolution. in the first place industrialization, the people utilise to live in the rural area practicing farming. However, the countries had distinctive advantage in the manufacturing industry, especially in textile industry. Moreover, The reading of the move engine played important roles in ensuring an improvement in the banking industry. However, the UK banking industrywas lack of intermediation.In the early 18th century, the United States (US) began the industrial revolution. After the civil war, the US industry was changed drastically. The railroads distributed goods and products everywhere therefore, the production level was increased. Before industrialization, the organizational structure was under hierarchy structure. However, when the population in the cities increased aft er revolution, the country was reduced between rich and poor. Moreover, increasing in US industries improved in the banking industry. The US banking industry support many industries along with introducing the stock markets.Both early-industrialized countries focused on invention and innovation. The UK and US were creatively used in the textile and automotive industry with adequate support of the financial institutions where started growth of economies. Moreover, the manufacturing industries were set in these countries that marked the growth in the market share.Late or newly, industrialization refers to those countries whose level of economic development is between the developing and the first world classifications (Wyatt, 2009).This means that these countries have moved from the agriculture based scrimping to the industrialized urban economy. Some of the countries that are industrialized include Germany, China, and Japan.The development of the railway network level(p) the transpor tation of goods from one place to another. In addition,