Emergence and Background With the advent of geographical discoveries and direct sea routes opened new avenues of trade and commerce. It formed the basis of Industrial revolution. Economic progress through trade and commerce with increasing production of goods aided by technology and scientific inventions enhancing productions The another factors were emergence of Capitalist ideology(maximisation of profit) and easy modes of transportation. Factory production as a new mode of production to meet demand and supply gap Colonial quests led to discoveries of new cheap sources of raw materials and finding new markets for finished goods produced in Europe. Faster means of communication, commodification of labour, development of new source energy like coal, durable materials like steel were the other supporting factors for the rise of Industrial revolution ' PROFUNDITY OF CHANGE' Development of Science and Technology Flourished Trade and Comm...
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