Respuesta :
Factory owners’ profits grew quickly during the Industrial Revolution because "factories were making more products to sell by using cheaper labour."
Industrial Revolution
What is Industrial Revolution?
In modern history, the Industrial Revolution was the transition from handicraft economy to one dominated by industry and machine production. These technological advancements brought about unique working and living arrangements and radically altered society.
Profit growth during Industrial Revolution:
- Agriculture and handicrafts-based economies were replaced by economies based on large-scale industry, automated manufacturing, and the factory system during the Industrial Revolution.
- This resulted in an uptick in output and efficiency, as well as decreased prices, a growth in goods and services, higher earnings, and a migration of people from rural to urban regions.
- Due to huge migration, more products were manufactured at low prices by cheaper labour.
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