2. Access to capital: Britain's financial system was well-developed, with banking institutions and a stock market that provided investment for industrial ventures.
3. Technological innovation: Britain was home to many talented inventors, including James Watt who improved the steam engine, and Richard Arkwright, who invented the water frame for spinning cotton.
4. Thriving textile industry: Britain's textile industry was already well established before the Industrial Revolution, providing a ready market for new technologies.
5. Colonial possessions: Britain's colonies provided a captive market for its manufactured goods and a source of raw materials.
6. Enclosure movement: The enclosure movement in Britain consolidated small landholding into large farms, freeing up labor and capital for industrial work.
7. Availability of skilled workforce: Britain had a large pool of skilled artisans who could adapt to the new industrial technologies.
8. Free trade policies: Britain's embrace of free trade allowed for the import of raw materials and exports of manufactured goods.