1 Answer | Add Yours
In the end, the increase in population growth ended up impacting production and consumption in directly variant ways. I think that the more population, the greater the demand for industrialized products. This increased the need for supply, causing the need for more people to work in the factories of the time period. The cyclical nature of this made population growth an indispensable part of the Industrial Revolution. I believe that part of this lies in the desire for more capital or wealth among more people. Such a condition helped to increase consumption and production, and thus the increase in supply and demand becoming apparent. I would also posit that population growth impacted the Industrial Revolution by creating through its own design an increase in the labor pool that helped increase production. This same population consumed what was being produced, enabling the increase in both production and consumption.
We’ve answered 318,915 questions. We can answer yours, too.Ask a question