Question

Mention the consequences of the industrial revolution in the economic Field .write report

Answer 1

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, business people, and managers took financial risks and reaped great rewards.

Answer 2

Answer:

This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, improved efficiency of water power, the increasing use of steam power, the development of machine tools and the rise of the factory system.

Explanation:

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