Explanation: According to Peter Stearns, in the book, Defining the Industrial Revolution, industrial revolution started two and half centuries ago in three waves.
The first revolution started in 1760 in the United States and Western Europe. The second wave second wave started on the shores of Russia and Japan and some parts of eastern and southern Europe including Canada and Australia from the 1880s. In the 1960s in the Pacific Rim, Turkey, Brazil, and other parts of Latin America, the third wave started. Each major wave of industrialization got into other societies that were not outrightly industrialized affecting their basic social and economic relationships.
Neoliberalism is widely associated with policies such as removing trade tarrifs and barriers, it entails a free market system.
It's influence has liberalized the international movement of capital and limited the power of trade union, it gives enough power to market as it dominates our lives.
I think it was a typo and you meant "buy" not "but"
and they would be happy because this means that the company is planning to increase the production, which would likely lead to a renewed or increased empowerment of people.
