FACTORY PRODUCTION

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Macroeconomics 2HH3 - Chapter 1

luonut Remek Debski

gwapa.com

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How Honey Is Made

luonut Garg Kartikey

Victorianism

luonut Mary Guayazan

FACTORY PRODUCTION

IINDUSTRIAL REVOLUTION

PRODUCTIVITY INCREASED

PROBLEM

UNEMPLOYMENT

OVERCROWDED CITIES

too boring at work

division of labour technique

each employee is responsible for his duty

ADAM SMITH Scottish economist and philosopher

observing the process of making pins

One person heated a metal strip, stretched it, cut it to the desired length, shaped it, cooled it, and finally smoothed and polished it

Mass production lines

robotic production lines

The industrial revolution is still not over and continues to gain momentum in production