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son4ous [18]
3 years ago
5

Three main disadvantages of sole proprietorship

History
1 answer:
Gnoma [55]3 years ago
6 0
One of the main Disadvantages of a sole proprietorship is the owner's personal liability with all debts incurred in the business. 

Hope this helps 
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1. Role of textile manufacturing in initiating industrialization

Before industrialization the textile manufacturing system was a slow method, it demanded time and it was usually sold in local communities. But in the 1700s inventors created machines - such as the wheel shuttle and cotton gin - and techniques that improved the textile production made those businesses grow and stimulated the coal and the iron industries.

The boom of textile industrialization boosted the import of raw materials such as cotton, improved transportation of those materials and made the economy move as a whole and initiate industrialization.

2. How transportation technology advanced the Industrial Revolution

Before the Industrial Revolution transport of goods demanded a long time, it took sometimes months to send a letter or to transport something across cities. With the industrial revolution the demand increased, industries needed more and more raw materials and goods to continue production. This pushed the construction of roads, river traffic, steamboats, canals, and railroads. Those transports made production and transportation of goods easier and boosted, even more, the industrial revolution because it permitted to spread selling around the country.

3. Why the first factories were more efficient than the earlier putting-out system

The putting out system is a system that subcontracts work. A central agent contracts subcontractors that complete the work for the agent. This has many problems because it was a domestic system which workers mostly worked from home in pre-urban times.

With the development of new technology such as machines that help with the manufacturing system, the first factories became more efficient because they brought workers and machines together in one place, it increased the production and time of production was smaller.

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What career path is a good choice for someone who wants to be elected President? Why?
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Which is TRUE about African Decolonization?
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