The Industrial Revolution brought significant changes to the world. No aspect of society remained free from its influence. Which part of society do you think it impacted the most? Write a two to three -paragraph essay about whether the most important influences of the Industrial Revolution were cultural or economic

The Industrial Revolution and the Impact on the Economy.

Explanation:

The Industrial Revolution brought significant changes to all aspects of society. Yet the impact was greatest on the economy. During the Industrial Revolution, a modern form of capitalism appeared for the first time. It was a period that completely changed economic flows. There is an enrichment of individuals and the emergence of the first corporations, but also some modern economic elements such as monopolies. For the first time, ordinary citizens tend to be fully involved in new economic trends. Since cities are becoming centers of life, due to the large influx of people into cities, there is a more massive occurrence of poverty than has ever been the case before.

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no , per capita income is not a true measure of the development because: -it only tells us about average income not how income is distributed among the people.it only give us an idea of the economic aspect.it is only at the qualitative basis.moreover, income is not only the way of development other factors are also as much as important as income.