ABSTRACT
Sustained economic growth of the kind experienced by Britain in the nineteenth century inevitably implies profound changes in economic structures, especially when, as in this case, growth was based on industrialization. As the production of industry and the services or ‘tertiary’ sector increased much more rapidly than the output of agriculture, both the distribution of labour between the three main sectors of the economy and the structure of national product were transformed. Changes similarly came about, on the microeconomic scale, in the very structure of these sectors and of the firms. Finally, a process of rapid urbanization took place.
