Question

ASAPP WILL MARK BRAINLEST How did machinery effect in economic growth?

Answer 1

Answer:

The development of machinery from the Industrial Revolution had a notable impact on the economic growth of the societies of the time. Thus, from the 1800s, significant technological advances began to occur, such as the creation of the steam engine, which in turn allowed the generation of new technologies applied to the development of agriculture, livestock, manufacturing and industry. This in turn implied an increase in the production of goods, which on the one hand reduced their price for consumption, while increasing the labor supply for workers, who joined the labor market in large quantities. All this (greater purchasing power and greater abundance of money) made societies begin to grow economically from these developments.