With reference to the picture given, answer the following questions:

(a) Identify the person in the picture. Name his long time associate and co-author. Name one famous publication of this person and his associate.

(b) What were the causes for the rise of the economic system propounded by these two individuals?

(c) Briefly describe the type of society they envisioned.

Do you think that the Industrial revolution was an offshoot of the Renaissance? Give reasons to support your answer.

Imagine that you are transported in a Time Machine in the era when Industrial Revolution began in England. Write down the problems faced by the workers who were used to making products by hand.

If you are given a choice between Capitalism and Socialism, which one you will choose and why? Give reasons to support your answer.