D. introduction of new technologies and machinery like interchangeable parts and the power loom
The introduction of new technologies and machinery allowed for increased production, efficiency, and output in factories, which contributed to economic growth during the industrial revolution. The use of interchangeable parts, for example, made production more standardized and efficient, while the power loom revolutionized textile manufacturing by increasing the speed and scale of production. These technological advancements led to increased profits and economic growth in industrial sectors.
what was a key factor contributing to the economic growth brought about by the factory system during the industrial revolution?
A. limited access to raw materials and resources
B. decreased demand for goods in domestic and international markets
C. lack of investment opportunities in industrial sectors
D. introduction of new technologies and machinery like interchangeable parts and the power loom
1 answer