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During the Industrial Revolution, the textile industry grew significantly. The first American textile factory was set up by Francis Cabot Lowell in 1813. New machines made it much faster to produce textiles but, unfortunately, put a number of people out of work.
It made the industry more reliant on machines rather than making cloth by hand (apex)
Since the machines did nearly all the work, but the people still needed to man the machines so jobs were actually gained by machines and the work was easy, but dangerous.
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Did the textile industry profit from the agricultural revolution?
Costs were decreased.
What is mean by cash crops?
The term cash crops refers to an agricultural crop that is grown with the intent of turning a profit.
What types of work and jobs did the agricultural adjustment act benefit?
It stablilzed prices, making the market stable. This is because farmers couldn't harvest crops and make a profit.
What are the reasons for deforestation including the need for more agricultural land population growth demand for more space for housing the harvesting of trees for profit?
move to kangaroo valley
What are the main reasons for destroying habitats?
The need for timber.The need for agricultural (farming) land in forested areas.Greed and the desire for profit at the expense of the environment and the local/native people.
Did the textile industry profit from the agricultural revolution?
Costs were decreased.
How did the the textile industry profit from the agricultural revolution?
It profited from the invention of the steel plow. (OW.) The textile industry also profited from the new inventions with their subsequent increase in availability and decrease in the cost of raw materials.
Why was the shift to a free trade regime in the textile industry good for Bangladesh?
It gave them more opportunities to sell the product. More profit was made and Bangladesh was able to grow more rapidly with the increase of income.
When an agricultural product is sold for profit it is considered a what?
A cash crop.
If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
How do you use commercial industry in a sentence?
People made a commercial industry to make a profit.
How much profit should you be making?
In a small enterprise, the gross profit varies from industry to industry. However, if you have a gross profit margin of around 305 of your total net sales, you should consider yourself to be lucky.
What is the average profit margin for transport companies?
-20% profit margin in transport Industry I found.
What is the average profit margin of the automotive industry?
5%
What is the best profit margin for food industry?
5%
What is the difference between cottage industry and the commercial industry?
Cottage industry is more home-based, when commercial industry is products made for profit.
Is economic profit always less than accounting profit?
No economic profit is not always less than accounting profit; However, if accounting profit is less than economic profit the business would exit the industry.
