The sign of the final establishment of the modern factory system

The sign of the final establishment of the modern factory system is the replacement of the manual workshop by the large factory.

The modern factory system was formed in the first industrial revolution, originated in Britain, refers to the completion of the capitalist production from the workshop handicraft industry to the machine large-scale industry transition stage. The Industrial Revolution was a technological revolution that replaced manual production with machine production and individual workshop production with large-scale factory production.

The emergence of the factory system greatly contributed to the economic development, so that people's way of life has changed significantly, human beings from the agricultural society to the industrial society, the corresponding economic form from the agricultural economy to the industrial economy. At this stage, the enterprise organization has undergone significant changes, the partnership system has been rapidly developed, and become the main form of organization. The main motivation for the shift from proprietorship to partnership was the expanding need for capital.

The formation of the modern factory system

The final establishment of the modern factory system is the symbol of the large factories instead of the traditional manual factories, manual factories compared to large factories, labor costs are relatively high, large factories are generally automated or semiautomated, the machine to replace the people is a major trend, first, to save the cost of labor, and secondly, the error rate is reduced and the output is high.

It is the product of changes in the relations of production caused by the industrial revolution, it is the embodiment of a country's industrial output is higher than the value of agricultural output, is a country to achieve the sign of industrialization.