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'There is a great deal of evidence to support the view that the relative decline of the British economy in the late Victorian period was due to the ineptitude of Britain's entrepreneurs'. Discuss.
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'There is a great deal of evidence to support the view that the relative decline of the British economy in the late Victorian period was due to the ineptitude of Britain's entrepreneurs'. Discuss Although there is yet no agreement on the nature and extent of Britain's economic decline before World War 1, British entrepreneurs are often accused of failing to meet the challenges of the time. Especially in comparison with their competitors, who were catching up and in some areas even overtaking between 1870 and 1914, British employers have been characterised by deficient competence and waning dedication to their businesses. Writers stressing the shortcomings of businessmen have linked them to amateurism, the family ownership of firms, complacency based on past achievement, an underemphasis of technical education and a range of other factors. Others, sceptical of explanations of retardation reliant on entrepreneurial failure, have provided alternative explanations focusing on international factor price...
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