mention the consequences of the industrial revolution in economic field .write report
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As economic activities in many communities moved from agriculture to manufacturing, production shifted from its traditional locations in the home and the small workshop to factories.
Large portions of the population relocated from the countryside to the towns and cities where manufacturing centers were found.
The overall amount of goods and services produced expanded dramatically, and the proportion of capital invested per worker grew.
New groups of investors, businesspeople, and managers took financial risks and reaped great rewards.
Large portions of the population relocated from the countryside to the towns and cities where manufacturing centers were found.
The overall amount of goods and services produced expanded dramatically, and the proportion of capital invested per worker grew.
New groups of investors, businesspeople, and managers took financial risks and reaped great rewards.
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Although there were numerous advancements during the Industrial Revolution, the rapid progress caused many issues. As workers left their farms to work in factories for higher wages, it led to a shortage of food being produced. The sharp increase in the number of factories led to an increased in urban pollution.
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