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... tion cycle, requires less investment, yields quick results, and can rapidly recover funds and achieve profitability.
In contrast, these are the drawbacks of heavy industry. Of course, in the 19th century, heavy industry was in its early stages of development, so these issues were not yet apparent. In countries like Britain, France, and Germany, the profits from heavy industry were quite considerable. Under normal circumstances, the risks were minimal, so investing in heavy industry was p ...
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