Question: Explain how production after the Industrial Revolution differed from production under the cottage industry system.

Explain how production after the Industrial Revolution differed from production under the cottage industry system.

Step by Step Solution

★★★★★

3.53 Rating (174 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In the cottage industry system production was decentralized Raw material was p... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

722-B-E-D-S (595).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

Explain why economic growth accelerated so much for some countries, but not others, after the Industrial Revolution.

Q:

Bronowskio compares the Industrial Revolution with the American and French Revolutions. He calls the Industrial Revolution the English Revolution, but it was clearly influential well beyond England....

Q:

Briefly describe how operations has evolved from the Industrial Revolution to Globalization.

Q:

(Evolution of the Firm) Explain how production after the Industrial Revolution differed from production under the cottage industry system.

Q:

explain how production after the Industrial Revolution differ from production under the cottage industry system

Q:

2. Evolution of the Firm Explain how production after the Industrial Revolution differed from production under the cottage industry system.

Q:

Given here below is the standard cost for one unit of a certain product: $ Direct material 20 kilograms at $15 per kg 300 Direct wages 8 hours at $10 per hour 80 Fixed production overhead 150 Total...

Q:

help me rite achapter summary for chapter 3 from the book "An introduction to Political Economy" by Spidel *the book'sscreenshots are attached below. DO NOT USE CHATGPT OR ANY OTHER AI TOOL AS THIS...

Q:

read "The Wealth and Poverty of Nations", by David Landes, and read pages 207-210. Based on your reading of Chapter 3, "Economic Decision Makers", explain in detail how you interpret Landes's story...

Q:

"The Wealth and Poverty of Nations", by David Landes, and read pages 207-210. Based on your reading of Chapter 3 in Econ Macroeconomics, "Economic Decision Makers", explain in detail how you...

Q:

Why would a business pursue an adjacent-segment strategy when several other segments are also attractive and offer good profit potential?

Q:

What are the Policies for promoting SMES in Ghana since 1960-1990

Q:

Question 3 0 3 . 3 3 pts An increase in fixed costs has what effect on the total contribution margin? Assume no change in selling price or number of units sold. Increase total contribution margin No...

Q:

explain why limited companies are required to publish their financial statements

Q:

What are the major U.S. exports and imports? How does international trade affect U.S. consumption possibilities?

Q:

What are the major U.S. exports and imports? How does international trade affect U.S. consumption possibilities?

Q:

What are the major U.S. exports and imports? How does international trade affect U.S. consumption possibilities?

Q:

Levered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $30 million before interest per year in perpetuity, with each company...

Q:

For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their...

Q:

Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): 2021 Current assets $ 1,400 Net fixed assets 2,600 Total assets $ 4,000 Accounts payable and accruals $...