MGTA05H3 Chapter Notes - Chapter 3: Metro Inc., Canadian Tire, Webcam
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MGTA05H3 Full Course Notes
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1760 and 1820 in which a large number of inventions and discoveries, most of them labour saving, transformed the most important industries of the age: agriculture, textile manufacturing, mining, and transportation. It began in great britain and then spread to the rest of europe and to the united states: the phenomenon of replacing human workers with faster, more efficient machines is called factor substitution. The factory system meant that work that had previously been done independently and on the worker"s own schedule was now to be concentrated in larger buildings erected for the purpose and performed at standardized and regulated hours. In this way, the industrial revolution led to the growth of industrial cities and towns: entrepreneurs are the people who are motivated to take the time, to incur the costs and risks, and make the effort to. They then compare their idea to a kwon set of facts or to a body of evidence.
