1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pepsi [2]
3 years ago
13

Explain the shift from artisan to factory worker, and discuss the factory system. What were the advantages and disadvantages

Business
1 answer:
dalvyx [7]3 years ago
8 0

Answer:

The Shift from Artisan to Factory Worker and the Factory System

a) The Shift from Artisan to Factory Worker:  Earlier, people produced everything they needed by their own hands.  Food production was limited to subsistence level as every household owned farms on which they cultivated the food the family required.  The artisan worked alone to handcraft tools and other ornamental works.

But, all this changed with the invention of the steam engine.  Following the improved systems of transportation with steamboats, travelling was enhanced.  Gradually, production processes were mechanized.  Factories started springing up in concentrated areas near water channels.  People left their rural areas to live near the factories in towns and cities.  With the birth of the factory system, goods were mass-produced and could be sold in markets farther from the factory towns.

It was the age of industrialization, trade unionization, assembly line production, scientific management, and now complete automation of processes with robots replacing manual labor.  It has been a long way.

b) Advantages of the Factory System:

  1. Hunger was reduced as more food items were produced and processed into finer products on a large scale.
  2. Exports of goods were encouraged and more markets outside the domestic markets were explored.
  3. The world became a global village with the pursuit of the common good of man, thereby levelling human beings to a common humanity and experience.
  4. More sophisticated goods and equipment can now be produced as a result of the factory system.  Manual labor has been eased greatly.
  5. The factory system introduced scientific management, which has ensured production innovations and encouraged skills development.

c) Disadvantages of the Factory System:

  1. The artisan was rendered jobless by the factory system as some of the tools and goods which only the artisan could produced was commonalized to the extent that unskilled laborers could produce them, just by each concentrating on a part through the principle of division of labor.
  2. The factory system created urbanization with its attendant problems, especially sanitation problems and pollution of the environment.  People's health has been jeopardized as a result.
  3. The factory system also created the consumerism culture.
  4. It widened wealth-inequality as wealth creation became concentrated in the hands of a few people.

Explanation:

The factory system encourages a method of manufacturing through the use of machines, automation, and division of labour. It gave rise to urbanization, transportation efficiency, and globalization.

You might be interested in
Research indicates that __________ communication is more accurate and effective than _______ communication.
gregori [183]
The answer in the blanks are: one way communication; two way communication. It is because, the reason why one way communication is more accurate because the communication or message that is being sent to is only on a one direction, this makes it accurate and more effective to use because there are no discrepancies. The two way is less accurate and less effective than the one way communication because it does not contain a one direction in terms of communication but it involves transmit information with the parties.
7 0
3 years ago
20 points, 1 question , some reading
kow [346]

my insta dfl.jacob i can help you

3 0
3 years ago
Albert Searchware is a type of search engine used at company websites to handle customer questions. The firm is trying to determ
SpyIntel [72]

Answer:

The correct option that should be employed by the company is C) .

Explanation:

Company has identified that its search engine  ( Albert searchware ) is in the growth stage ( which is the second stage in product life cycle ) of its product life cycle , which means here the promotional objective of the growth stage of product life cycle for the company is to persuade its consumers and often direct marketing is the best promotional element that a company can choose, and so the option C is the one that comes closet to this idea.

8 0
4 years ago
15) Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow
lisov135 [29]

Answer:

The highest price for the stock is  $22.00

Explanation:

Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.

The cash flow ratio for the company is 11.

Solution:

For one stock the cash flow ratio is 11.

Then the highest price we should pay is $22.00.

So we should pay $22.00 for one stock.

Therefore the highest price we should pay for the stock is $22.00          

6 0
3 years ago
You bought a stock one year ago for $48.28 per share and sold it today for $55.92 per share. It paid a $1.38 per share dividend
Snezhnost [94]

Answer: 17.9%

Explanation:

From the question, a stock was bought one year ago for $48.28 per share and sold today for $55.92 per share and also paid a $1.38 per share dividend today.

The realized​ return will be calculated as:

Po = (P1 + D1) ÷ (1+Re)

48.28 = (55.92 + 1)/(1 + Re)

48.28 = 56.92/(1 + Re)

Cross multiply

48.28 + 48.28Re = 56.92

48.28Re = 56.92 - 48.28

48.28Re = 8.64

Re = 8.64/48.28

Re = 0.179 = 17.9%

4 0
4 years ago
Other questions:
  • The interquartile range is used as a measure of variability to overcome what difficulty of the range
    12·1 answer
  • Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursu
    5·1 answer
  • Did I graph number 1 correct and is the number 2 answer yes?
    14·1 answer
  • People's Clinic purchased a special machine for use in its laboratory on January 2, 2016. The machine cost $100,000 and was expe
    13·1 answer
  • A negative externality will cause a private market to produce a. less than is socially desirable. b. more than is socially desir
    5·1 answer
  • Manuel's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Manuel's very tiny kitchen has barely
    8·1 answer
  • Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following i
    8·1 answer
  • PLZ HELP I AM TIMED!!!!!!
    6·2 answers
  • What is average fixed cost , average variable cost ,average cost and marginal cost??
    9·1 answer
  • What is sampling frame?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!