Mamu Ally
Feb 15
Explain 7 points factors for transition from cottage system to factory system?
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Feb 15
1. Technological advancements: The transition from the cottage system to the factory system was largely driven by technological advancements. The invention of new machinery, such as the spinning jenny and the power loom, made it possible to produce goods on a larger scale and more efficiently in factories.
2. Increased demand: The cottage system, where goods were produced in small quantities by individual artisans, could not keep up with the growing demand for goods. The factory system allowed for mass production, which enabled manufacturers to meet the increasing demand from a growing population.
3. Division of labor: The factory system introduced a more specialized division of labor. Instead of one artisan producing an entire product, workers in factories were assigned specific tasks, leading to increased efficiency and productivity.
4. Economies of scale: The factory system allowed for economies of scale, as larger quantities of goods could be produced at a lower cost per unit. This made goods more affordable and accessible to a wider range of consumers.
5. Urbanization: The transition to the factory system led to the concentration of workers in urban areas, as factories were typically located in cities. This urbanization was driven by the need for a large and concentrated labor force, as well as the proximity to raw materials and transportation networks.
6. Capital investment: The factory system required significant capital investment to set up large-scale production facilities and purchase machinery. This led to the emergence of capitalist entrepreneurs who invested in factories and sought to maximize profits through mass production.
7. Improved transportation and communication: The development of transportation infrastructure, such as canals and railways, facilitated the movement of raw materials to factories and finished goods to markets. Additionally, advancements in communication, such as the telegraph, allowed for faster and more efficient coordination between different stages of production in the factory system.
2. Increased demand: The cottage system, where goods were produced in small quantities by individual artisans, could not keep up with the growing demand for goods. The factory system allowed for mass production, which enabled manufacturers to meet the increasing demand from a growing population.
3. Division of labor: The factory system introduced a more specialized division of labor. Instead of one artisan producing an entire product, workers in factories were assigned specific tasks, leading to increased efficiency and productivity.
4. Economies of scale: The factory system allowed for economies of scale, as larger quantities of goods could be produced at a lower cost per unit. This made goods more affordable and accessible to a wider range of consumers.
5. Urbanization: The transition to the factory system led to the concentration of workers in urban areas, as factories were typically located in cities. This urbanization was driven by the need for a large and concentrated labor force, as well as the proximity to raw materials and transportation networks.
6. Capital investment: The factory system required significant capital investment to set up large-scale production facilities and purchase machinery. This led to the emergence of capitalist entrepreneurs who invested in factories and sought to maximize profits through mass production.
7. Improved transportation and communication: The development of transportation infrastructure, such as canals and railways, facilitated the movement of raw materials to factories and finished goods to markets. Additionally, advancements in communication, such as the telegraph, allowed for faster and more efficient coordination between different stages of production in the factory system.
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Anonymous
Feb 16
Requirements of an auditor
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