ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a decrease in free trade between nations
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an increase in government regulation of businesses
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an increase in production levels
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a decrease in immigration
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Detailed explanation-1: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.
Detailed explanation-2: -Its primary innovation was to combine machinery and other new technologies with the division of labor in order to lower production costs and increase efficiency. Due to the rise of the factory system, production began leaving households and artisan shops to be located in plants and factories instead.
Detailed explanation-3: -The factory system was a new way of making products that began during the Industrial Revolution. The factory system used powered machinery, division of labor, unskilled workers, and a centralized workplace to mass-produce products.
Detailed explanation-4: -Many factors promoted industry, including cheap labor, new inventions and technology, and plentiful raw materials. Railroads rapidly expanded. Government policies encouraged growth, and large corporations became an important part of the economy.
Detailed explanation-5: -The development of trade and the rise of business were among the major causes of the Industrial Revolution.