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xenn [34]
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:
Lerok [7]3 years ago
8 0

<u>Explanation:</u>

Note that an artisan is a person who uses his craftsmanship or craftswomanship to create products on a small scale that provide a small source of income. This shift occurred back in history during the Industrial Revolution which brought about so many inventions leading to a change in the production process.  As the production process became more and more automated, former artisans became factory workers.

<u>Advantages:</u>

  1. artisans were introduced into using efficient production equipment.
  2. artisans earned paid employment

<u>Disadvantages:</u>

  1. remaining artisan workers could no longer compete becauseof the mass production ongiong in factories.
  2. factories became less concerned about the quality of goods, but of quantity.
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A firm is considering a project with annual cash flows of $300,000. The project would have a five-year life, and the company use
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Answer:

$1,081,434

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