HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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population growth
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increased use of machinery
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rising standard of living
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specialization
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Detailed explanation-1: -Due to increased productivity in agriculture, surplus labour became available to migrate to the manufacturing sector. Furthermore, due to increased income, farmers were able to increase their expenditure on goods and services produced by the domestic manufacturing sector (Dutta, 2005).
Detailed explanation-2: -Industrialization contributes to economic growth by increasing industrial output, promoting innovation, and using resources for optimal production.
Detailed explanation-3: -The development of trade and the rise of business were among the major causes of the Industrial Revolution.
Detailed explanation-4: -Natural Resources Another major reason why the Industrial Revolution began in Great Britain was that it had an abundant supply of what economists call the three “factors of production". These factors of production are land, labor, and capital.