Essay: Purpose of Developing Industries

Essay: Purpose of Developing Industries
08/06/2011 Comments Off on Essay: Purpose of Developing Industries Academic Papers on Business Studies,Sample Academic Papers admin

Sample Essay

Europe is considered as the leader for the revolution as it had the sufficient supply of resources to cope up with the increasing demand for the growing industries. The main purpose of developing industries was to produce and cope of with the demands of product by the people. Previously there was no concept of producing more than one required to satisfy the need for one self only. But as the people started to become more and more liberal the concept of producing more than required was built.

Industries with their extensive research and resources started developing goods and services to gain more profits and to satisfy the needs and wants of the prospects. This reflects the role of surplus in the development of industries in the late 18th and the 19th century, which came out to be the main cause for the change in the methodology used previously for production.  (Danielson, 1994)

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