Choose given statement is true/false:
In the 19th century, the industrialists in Britain were reluctant to introduce machines because they required huge capital investment.

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Detailed Solution

The above statement is True.
In the 19th century, the industrialists in Britain were reluctant to introduce machines because they required huge capital investment. They did not want capital-intensive machines to take the place of labourers because:
1) Many industries had seasonal labour needs like gasworks and breweries. Industrialists typically preferred hand labour, hiring people for the season, in all such businesses where productivity varied with the season.
2) The new machines made products for the mass market that were uniformly standardised. However, aristocrats and the bourgeoisie in Victorian England favoured handmade ones. Handmade products were more expertly crafted, and they exuded refinement and charm.
3) Large machines needed huge investments to set up and further maintenance.

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