21
The Factory System: A Game-Changer for Economics
The factory system revolutionized manufacturing by centralizing production in one place, leading to mass production and cost efficiency. This shift not only enhanced productivity but also significantly lowered product costs, making goods more accessible. It also created numerous job opportunities, transforming local economies and social structures. By cutting production costs and increasing output, the factory system played a crucial role in the economic landscape.
Recent post
Archives
Tag Cloud
- manufacturing
- food processing
- India
- government schemes
- rice cultivation
- balcony garden
- urban gardening
- balcony gardening
- gardening tips
- startup ideas
- textile manufacturers
- rice farming
- nutrition
- profitable business
- garden setup
- manufacturing industry
- manufacturing ideas
- small business
- business ideas
- food processing units