Title: Factory System: Meaning, Evolution and Merits
Headings: Factory System: Meaning, Evolution and Merits
Factory System: Meaning, Evolution and Merits
Meaning of Factory System:
Evolution of Factory System:
Impact of Factory System on Labour and Management:
The modern system of manufacturing has given rise to many problems of various nature, such as:
Economic Development of Factory System:
The economic development of industries can roughly be classified in the following three stages:
(a) Family or Household System:
(b) Handicraft System:
(c) Factory System:
Technological Development of Factory System:
1. Government Policy:
2. Technological Change:
Fields of Technical Changes:
Following are some of the important fields of technical changes, which have effected the social life considerably:
(i) Mechanisation of Industries:
Mechanisation of industries due to technical develop­ment effects the society in different ways, some of them are described hereunder:
(a) Factory System:
(b) Urbanisation:
(c) Rise to New Class:
(d) Easy Working:
(ii) Development in the Means of Transport:
(iii) Development in the Means of Communication:
(iv) Introduction of New Agricultural Techniques:
Merits of Factory System:
Demerits of Factory System:
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Content: are established. With the growth of industrial production and social life of the people working in it, new businesses are expected, which result in big business houses, banks, transport companies come to set up and thus form a township. (c) Rise to New Class: Due to industrialisation new classes came into existence (i) Capitalists who invested money and controlled production, (ii) Workers-who produced for their mas­ters and (iii) then, in between these two there were middle classes and white collared bureau­crats or managers. Later on conflict started between these classes. Labour class formed the trade unions, while the capitalists formed their federations and thus each wanted to promote their class interests. (d) Easy Working: In addition to machines for industrial production technology has also brought into use, lots of mechanical appliances through which work at home became easier and less tire-some. These appliances save large amount of time specially for the house wives. Due to these facilities and better standard of living women came out of home to work side by side with men today and started competing with men.