Question

What happened as a result of the factory system? Prices of products stayed the same as factories increased production. An increase in the quantity of goods created a product as a lower price. A decrease in the quanitity of goods created a higher priced product. The increase in factory work created a need for rural living.

Answer 1

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. ... With an increase in industrial production, there is a decrease in product prices.

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