CBSE Class 10 Answered

In Victorian Britain, there was an abundance of human labour since poor peasants and vagrants had to migrate in large numbers to the cities in order to find work. In addition, when there is an abundance of labour, wages are often low due to the imbalance in the demand and supply. Therefore industrialists did not face the problem of labour shortage or high wage costs. As a result, there was reluctance on their part to introduce machines which would require large scale investment of capital.