Why were the most of the industrialist reluctant to use the new technology?
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(i) Expensive new technology: New technologies and machines were expensive, so the pioducers and the industrialists were cautious about using them.
(ii) Costlier repair : The machines often broke down and the repair was costly.
(iii) Less effective : They were not as effective as their inventors and manufacturers claimed.
(iv) Availability of cheap workers : Poor peasants and migrants moved to cities in large numbers in search of jobs. So the supply of workers was more than the demand. Therefore, workers were available at low wages.
(ii) Costlier repair : The machines often broke down and the repair was costly.
(iii) Less effective : They were not as effective as their inventors and manufacturers claimed.
(iv) Availability of cheap workers : Poor peasants and migrants moved to cities in large numbers in search of jobs. So the supply of workers was more than the demand. Therefore, workers were available at low wages.
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