Saturday, November 15, 2008
Sunday, November 2, 2008
Industrial Revolution
Summary - Industrial Revolution, term usually applied to the social and economic changes that mark the transition from a stable agricultural and commercial society to a modern industrial society relying on complex machinery rather than tools.
The Industrial Revolution begin in Great Britain because at that time Great Britain had all the factors of production. The factors of production are land, labor, capital, demand, technology, and infrastructure. Land is the natural resources used in making a product. The labor is the human effort used to make products. Capital is the human-made goods that are used in the production of other goods. The amount of money used for products and other services is called demand. Technology is how advanced a product is or could be. The basic physical systems of a country's or community's population is called infrastructure. All these factors of production were the cause of the Industrial Revolution to begin in Great Britain. No other country had all six factors of production.
The Industrial Revolution begin in Great Britain because at that time Great Britain had all the factors of production. The factors of production are land, labor, capital, demand, technology, and infrastructure. Land is the natural resources used in making a product. The labor is the human effort used to make products. Capital is the human-made goods that are used in the production of other goods. The amount of money used for products and other services is called demand. Technology is how advanced a product is or could be. The basic physical systems of a country's or community's population is called infrastructure. All these factors of production were the cause of the Industrial Revolution to begin in Great Britain. No other country had all six factors of production.
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