Question

Explain these three detailed explanations as to how increases in demand for manufactured goods or the "consumer revolution" fostered the industrial revolution in Great Britain: (3 pts) Increases in the extent of the market, (3 pts) Focussing device, and (4 pts) "The Industrious Revolution"

Answer 1

Answer:

Increases in the extent of the market,

While Adam Smith claimed, "the size of the business restricts the distribution of resources." As demand increases, the economy grows, labor division can be expanded, resulting in higher levels of productivity and thus increased technological innovation.

Focussing device,

The inventors' attention was based on consumption patterns. Should innovators have created power spinning and weaving machines without demand for cotton cloth?

"The Industrious Revolution"

Households also begun to concentrate in the manufacturing of a couple of consumer products. Households created less products to sell themselves and bought too much on the marketplace. The preference of households for consumer goods increased significantly as the size, variety, value of available goods increased and prices fell to an acceptable range for most. To fulfill these desires, households had to raise their incomes, women and children worked in factories and men, it is speculated, worked more days a year and stepped up their speed of work.