History & Civics
Name any two consequences of the Industrial Revolution in the economic field.
Industrial Revolution
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Answer
Two consequences of the Industrial Revolution in the economic field were:
- By 1820s, income level for most workers began to improve.
- The economy was expanding at a rate that was more than twice the pace at which it had grown before Industrial Revolution.
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Related Questions
(A) Socialism is an economic system in which the means of production are owned by the community and in which all share fairly the wealth produced.
(B) The evil effects of Capitalism and the spirit of improving the conditions of workers gave rise to socialism.
- (R) contradicts (A)
- (A) is the reason for (R)
- (A) is true but (R) is false.
- (A) and (R) are independent of each other.
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