WORLD HISTORY

Detailed explanation-1: -What allowed goods to be produced cheaper and faster for the increasing population? Explanation: The Industrial Revolution changed the way that goods are produced and gave birth to mass production, by the division of labour and the increasing prevalence of machines in factories.

Detailed explanation-2: -Mass production in factories made it possible to manufacture goods more cheaply and quickly. Huge markets for these goods were opening up in the new cities, and in the lands that the European nations were conquering and settling overseas.

Detailed explanation-3: -Lower cost: Mass production enables companies to produce larger quantities with fewer workers. Instead of having to pay several workers to complete a task by hand, manufacturers use machines to produce goods much faster. This allows companies to sell their products at a lower cost without losing profit.

Detailed explanation-4: -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-5: -Mass production methods are based on two general principles: (1) the division and specialization of human labour and (2) the use of tools, machinery, and other equipment, usually automated, in the production of standard, interchangeable parts and products.