In this period of global reorderings, introduce, discuss and examine new forms of production under three headings:
- industrious revolution,
- industrial revolution
with a focus on Europe and North America
Then analyze their impacts on the daily lives of ordinary people and to polities at large geographically differentiating in the regions listed below:
Commercialization is the process of bringing new products or services to markets. It requires a carefully developed three-tired products roll outs and marketing strategy which include the ideation phase, the business process, and the stakeholder stage. The broader act of commercialization involves production, distribution, marketing, sales and customer support.
Industrious revolution was a period in early modern Europe between 1600-1800. During this period, household productivity and consumer demand grew despite lack of major technological innovations. In this period, there was a decrease in leisure time and increase in utility of monetary income. Focus of labor changed from goods and services to marketable goods.
Industrial revolution was the change to new manufacturing processes in Europe and the united states. It was between 1760-1820. The change entailed moving from hand production method to machines, new chemical manufacturing and iron production process. The industrial revolution contributed to a drastic rise in the population growth. It marked a significant turning point in history and almost every part of daily life was impacted in a particular way.
Impacts on Europe, India, and China
Europe represents the most profitable sizable market after the US. What happens in Europe influences the rest of the world because it is the most advanced region in terms of assessing the cost/profit/impacts of pharmaceutical. India used to shine in the world for its cotton textile industry before the beginning of industrial revolution.