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The impact of industrial development on the national economy and the ways in which Americans lived and worked is mass production led to lower prices.
The world's economic development has benefited greatly from industrialization. The method has raised productivity and enabled mass production, which has raised living standards.
From the beginning of the agricultural age approximately 8000 to 5000 B.C. until the first industrialization in Great Britain began in 1760, human productivity and living standards remained mostly unaltered.
Industrialization has resulted in the production of more commodities in less time, more leisure time, and an increase in real incomes.
The transition from primarily agrarian to mass-produced, technologically advanced goods and services is known as industrialization. Increased standards of living, a shift from rural to urban labor, and exponential increases in productivity are all characteristics of this phase.
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