What was the key factor contributing to the economic growth brought out by the factory system during the industrial revolution

Answer 1

The key factor contributing to the economic growth brought out by the factory system during the Industrial Revolution was the increase in efficiency and productivity. The factory system allowed for the centralized organization of labor, machinery, and resources, which led to mass production of goods at a much faster rate than was possible through traditional methods. This increased productivity ultimately resulted in lower production costs, higher profits, and overall economic growth for industries that adopted the factory system. Additionally, the factory system also stimulated innovation and technological advancements, further fueling economic growth during this period.