Question

if the price of an industrial machine increases how does it indirectly affect the budget of a large number of people ​

Answer 1

Answer:

if the price of industrial machine increases then the rate of manufacturing the product increases and the product will be sold at a high cost at the same time the salaries given to workers also decreases so huge people will be suffered with rise of prices

Answer 2

If the price of an industrial machine increases, then it indirectly affects the budget of the common mass. This can be explained as follows:

1) After the industrial revolution, most of the daily product, day to day use goods are manufactured in the industries.

2) The life of the common mass has slowly but steadily became more and more dependant o ln the industries.

3) So, if the cost of machines increases, the product price will automatically increase. This increases the budget.

4) When the price of a machine increases, it increases the manufacturing cost per item which again increases subsequently when the retailers and shopkeepers buys the product. Finally when the common people buys the product, it sums up to a greater amount.