MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay - 1

MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) - turn up ExampleThe population in the cities increased drastically. There was a widespread discontent between the prolific and the poor. This triggered new reform movements. Due to the increase in American industry, many developments emerged and there was value for the American goods. In addition, due to the use of machines, workers were able to produce goods faster than they could when using hands. Moreover, the availability of natural imaginativeness played a big role in the rising of big business.In the UK, industrial conversion began in the late 1700. People manufacture goods in their homes using hand tools or basic machines. industrial enterprise led to the shift and there was mass production of goods. The development of the steam engine played chief(prenominal) roles in ensuring there was an improvement in the transport, communication, and banking industry. It also brought about employment opportunities that l ed to the improvement of the aliment standards of the poor as well as the working class. Before industrialization, volume used to live in the rural area practicing farming. The textile industry was transformed by industrialization that were made in peoples homes. It was difficult for merchants to regulate their own schedules in the manufacture of textiles thus resulting in numerous inefficiencies. In addition, the transport system was also advanced from the use of horse-drawn wagons to steam boat then by and by steam ships.Late or newly, industrialization refers to those countries whose level of economic development is between the developing and the number 1 world classifications (Wyatt, 2009).This means that these countries have moved from the agriculture based economy to the industrialized urban economy. approximately of the countries that are industrialized include Germany, China, and Japan. The development of a the railway network fastened the transportation of goods from unmatchable