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The industrial revolution created three types needs and desires namely,consumer goods, appliances, and jobs.
the inventions of the industrial revolution increased the supply of consumer goods as never before in history.
Consumer goods became more important to European economies than agricultural products. (APEX)
During the Industrial Revolution, people spent extra cash on various consumer goods and leisure activities. With the rise of factories and urbanization, disposable income increased, allowing workers to purchase items like clothing, furniture, and household goods that were previously unaffordable. Additionally, entertainment options such as theater, music halls, and public parks became popular, reflecting a shift towards a more consumer-oriented society. This newfound spending contributed to the growth of a vibrant marketplace and the rise of a consumer culture.
During the Industrial Revolution, industry produced a wide range of goods, including textiles, iron, coal, and machinery. The shift from hand production to mechanized processes led to increased efficiency and mass production. Factories emerged, allowing for the large-scale manufacturing of items such as clothing, tools, and later, consumer goods. This transformation not only changed the nature of work but also significantly impacted society and the economy.
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The industrial revolution created three types needs and desires namely,consumer goods, appliances, and jobs.
the inventions of the industrial revolution increased the supply of consumer goods as never before in history.
Consumer goods are for sale as is to the public. Industrial goods require finishing.
Household consumer vs Industrial consumer
consumer goods are commodities which satisfy wants directly
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
Consumer goods are sold directly to consumers and industrial goods are sold to industries. Examples: An industrial good is a part for a car that is manufactured by one company and sold to another that assembles the car. A consumer good is the finished car.
Consumer goods became more important to European economies than agricultural products. (APEX)
more goods were made