The Market Revolution: Technological Advancements, Economic Forces, And Global Transformation
Technological advancements, including innovations in transportation and communication, spurred the Market Revolution. The Agricultural Revolution and population surge increased food production and labor supply. Urbanization concentrated populations, while capitalism and the division of labor fostered economic growth and efficiency. Collectively, these factors transformed the pre-industrial economy into a market-driven, interconnected global system. Technological Advancements: The…