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The Industrial Revolution and Its Effects on Productivity
Two hundred years ago, people owned a lot less stuff than we do to day. What is the role of the industrial revolution in producing all the stuff that we see in our lives to day? It's really interesting when you think about the o time it would have taken to make a very common household item,. say a chair, for example. And so what happened was this expedential rise in productivity. People migrated from the country sides into the cities to fill the factories. The profit margin line startd to decrease. O had to sell more and more things. But they naturally produce the desires that we have in the first place.