noun
industrial capitalism
Economic system characterized by private ownership of industry and market-driven production, often contrasted with earlier mercantile or later financial capitalism.
産業資本主義の時代には、工場での大量生産が急速に広まった。
In the era of industrial capitalism, mass production in factories spread rapidly.
資本主義 is the broader term for capitalism in general, while 産業資本主義 specifically refers to the industrial phase of capitalism.
Compound of 産業 (industry) and 資本主義 (capitalism).