What happened as a result of the factory system?
A.) An increase in the quantity of goods created a product as a lower price.
B.) A decrease in the quanitity of goods created a higher priced product.
C.) The increase in factory work created a need for rural living.
D.) Prices of products stayed the same as factories increased production.
Answers
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A). An increase in the quantity of goods created a product as a lower price
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As a result of the factory system, there is an increase in the quantity of goods created a product at a lower price.
Explanation:
- The factory system introduced machinery along with a division of labor which eventually increased the output per worker. As an advent in machinery, there was a cheaper faster and more efficient output of products.
- It created opportunities for employment for rural living. With an increase in industrial production, there is a decrease in product prices.
- With the involvement of machinery and other sophisticated equipment, the quality of the product also improved which eventually increases its market places as well.
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