What impact did technology have on industry?
What was the impact of technological advances on industry? Technological advances increased the supply and demand, the employment rate skyrocketed because they needed to make more things. his also affected the industry by furthering the need for more inventions to meet this production increase.
What new technology helped trigger the industrial revolution?
steam engine
What was the most significant effect of the Industrial Revolution?
The Industrial Revolution had many positive effects. Among those was an increase in wealth, the production of goods, and the standard of living. People had access to healthier diets, better housing, and cheaper goods. In addition, education increased during the Industrial Revolution.
How did the Industrial Revolution affect the economy?
The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.
What was a main benefit of industrialization?
The main advantage comes from the fact that industrialization gives us more goods that can be bought at affordable prices. When an economy industrializes, things are made more rapidly and in higher quantity. This means prices can go down and a lot of other goods can be made.
What was a benefit of industrialization?
Industrialization Improves Profits Adding industrial development to a business can increase the scale of production, reduce the cost of production, make improvements on the products being developed and widen the market for products and services being sold.
Is industrialization good for the economy?
Industrialization has been instrumental in the economic development of the world. The process has improved productivity and allowed for mass production, which has increased standards of living.
What are two benefits of industrialization?
List of the Advantages of Industrialization
- Industrialization brought us the current import-export market.
- It allows us to become more productive.
- Industrialization makes goods and services more affordable.
- It improves the quality of life for each person and household.
- Industrialization improved our medical care.
What was one effect of nation industrialization?
One of the most important effect of nation industrialization was that the nations became more self sufficient or self reliant. The nations started producing the goods that they required and they did not have to look up to other countries to get the goods imported. this helped the economy grow as well.
What was one effect of nation industrialization nations became more self sufficient?
The correct answer is C. Nations needed more raw materials. This led to the need to establish colonies. Wealthy industrialized countries needed things like ores and fuels that could be exploited from colonies that were not developed.
What was one effect of industrialization on nations that helped lead to new imperialism?
The colonies were a great place for these countries to sell their finished products. The industrialized countries knew they could rely on their colonies to buy the finished products made in their industries. This helped promote imperialism. Having colonies allowed a country to protect its world trade.