What are the merits and demerits of Industries?

Industry (from Latin industrius diligent, industrious"), is the segment of economy concerned with production of goods and services. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day. Many developed countries (The U.K., The U.S. and Canada for example) and many developing/semi-developed countries (People's Republic of China, India etc.) depend significantly on industry.

Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web that may be hard to understand at first glance MERITS faster production of items decrease of prices decrease of use of man-power made works of people easy development in field of information technology and R&D(research and development) offers jobs 2 well employed Textile manufacture-In the early 18th century, British textile manufacture was based on wool which was processed by individual artisans, doing the spinning and weaving on their own premises. This system is called a cottage industry. Flax and cotton were also used for fine materials, but the processing was difficult because of the pre-processing needed, and thus goods in these materials made only a small proportion of the output Metallurgy-The major change in the metal industries during the era of the Industrial Revolution was the replacement of organic fuels based on wood with fossil fuel based on coal Mining- Coal mining in Britain, particularly in South Wales started early.

Before the steam engine, pits were often shallow bell pits following a seam of coal along the surface which were abandoned as the coal was extracted Steam power-The development of the stationary steam engine was an essential early element of the Industrial Revolution; however, for most of the period of the Industrial Revolution, the majority of industries still relied on wind and water power as well as horse and man-power for driving small machines. TRANSPORTATION Chemicals Machine tools Gas lighting Agriculture DEMIRIT world into rich and poor creates economic disturbances among countries Factories and urbanization The factory system was largely responsible for the rise of the modern city, as large numbers of workers migrated into the cities in search of employment in the factories. Nowhere was this better illustrated than the mills and associated industries of Manchester, nicknamed "Cottonopolis", and arguably the world's first industrial city.

For much of the 19th century, production was done in small mills, which were typically water-powered and built to serve local needs. Later each factory would have its own steam engine and a tall chimney to give an efficient draft through its boiler Child labour The Industrial Revolution led to a population increase, but the chance of surviving childhood didn't improve throughout the industrial revolution 29.

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