Arguably the most important role textiles played in the Industrial Revolution were that they were one of the main items churned out in the factories, since they lent themselves to this type of production and were in high demand.
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In the market economy, the decisions in the farm will be guided by the prices.
<h3>What is a market economy?</h3>
It should be noted that a market economy is when the forces of demand and supply determine the market.
In this case, in the market economy, the decisions in the farm will be guided by the price. The individuals also have a vital role to play.
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