Unemployment due to low demand of industrialisation.
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Explanation:
Industrial revolution provided much demand for labor than its supply so the unemployment rate was very low. However, after few decades after industrial revolution, the supply of labor exceeds the demand of labor in industry due to urbanization and population concentration.
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Does industrialization cause unemployment?
Industrial revolution provided much demand for labor than its supply so the unemployment rate was very low. However, after few decades after industrial revolution, the supply of labor exceeds the demand of labor in industry due to urbanization and population concentration.
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