Question

how did the system of machine and machine made production came into existence?

Answer 1

Explanation:

Machines began to produce items faster and cheaper than could be made by hand. As the supply of various items rose, their cost to the consumer declined (see supply and demand). Shoes, clothing, household goods, tools, and other items that enhance people’s quality of life became more common and less expensive. Foreign markets also were created for these goods, and the balance of trade shifted in favor of the producer—which brought increased wealth to the companies that produced these goods and added tax revenue to government coffers. However, it also contributed to the wealth inequality between goods-producing and goods-consuming countries.