factory system
Definition
The system of producing goods made on a mass scale by machines in a factory which replaced goods made by individual craftsmen. The factory system evolved in England in the eighteenth century as part of the Industrial Revolution.
Related Articles
- Understanding Stock Dividends *
- Different Types of Financial Advisors *
- Types of Accounts Typically Offered by Banks *
- The Economy and the Role of the Government *
- Types of Reports and Statements Typically Filed *
- Introduction to Insurance *
- Technical Analysis *
- Four Ways to pay for a Higher Education *
Related Videos
http://www.businessdictionary.com/definition/factory-system.html


