While making nations more productive than ever before, providing more and more cheaper goods to people, leading naturally to the assembly line that Ford pioneered, it also created appalling working conditions for people just in terms of time spent on the job and expectations of productivity. Forbes.com: Manufacturing Doesn't Pay Well Nor Make Much Money - So Why Fixate On It? Capital also becomes available because that gets a ready market at that place. An obvious potential disadvantage of your factory is its impact on the local environment. 4. The major advantage of the Industrial Revolution was that it was the beginning of a wave of new material goods that could be used to improve people’s lives. Fred Decker learned business fundamentals at second hand as an insurance and mutual funds broker, and at firsthand as a retail store manager and the chef/proprietor of his own restaurants. Advantages commonly attributed to automation include higher production rates and increased productivity, more efficient use of materials, better product quality, improved safety, shorter workweeks for labour, and reduced factory lead times.Higher output and increased productivity have been two of the biggest reasons in justifying the use of automation. How did the Market Revolution impact the North and the South differently? Log in here. Subsidiary and complementary industries develop. And in fact, right now, as we speak, other nations are experiencing their own Industrial Revolutions, increasing their use of fossil fuels, further contributing to climate change problems. The invention of electricity exacerbated this, making it possible for people to work even longer hours, indeed, around the clock. If your factory increases traffic dramatically in its surrounding area, it may place an intolerable load on local traffic patterns or even physically on the roads and bridges themselves. Content Filtrations 6. Another advantage is that some of the products that were developed helped to make life easier for people. Problem of Price. The major disadvantages were largely social. This led to overcrowding in the cities. International trade allows countries, states, brands, and businesses to buy and sell in foreign markets. Taxes paid by your company and its staff will contribute to the budgets of each level of government, helping provide services to residents and pay for the infrastructure that makes your factory possible. Are you a teacher? influence the localization of industries. Hours were long, and pay was low. Economic development of a country becomes lopsided. We, of course, were able to have this revolution without guilt, since we did not know any better, and now that we have reaped the benefits of it, it seems unreasonable to deny these benefits to other nations, an interesting environmental quandary. Availability of new raw-materials, improvement in technology, development of new areas etc. We can’t say that an industry will always remain in a particular place. First, implicit within the answer above, the idea of productivity came into its own in … A particular place becomes famous because of localization such as Moradabad for utensils and Aligarh for locks. These factors also help localization of an industry. 8. Disadvantages of Privatization. 4. 2019-08-30 10:28:17 Industry News. This trade diversifies the products and services that domestic customers can receive. Sign up now, The Market Revolution, Industrialization, and New Technologies, Latest answer posted August 23, 2019 at 7:32:13 PM, Latest answer posted April 01, 2019 at 6:49:29 PM, Latest answer posted May 09, 2012 at 2:05:48 PM, Latest answer posted August 17, 2015 at 9:37:45 PM, Latest answer posted September 20, 2018 at 4:05:48 PM.