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Has created the large part of conditions and the stimulus necessary for perfectionTechnologies and the organisations of production, transport and distribution.
It is possible to consider trade expansion during the period to 1750 or 1800 as
Result of price reduction of transport, creation of the new markets thanks to the initiative
Dealers, and introductions in practice of the new relations favorable for trade.
It pressed all on the industry, requiring expansion of production for Satisfactions of demand in the new markets, but this pressure promoted not
To fall, and is faster to a rise in price. During a XIX-th century the picture was changed. Growth
Trade it was urged on by demand of factories for raw materials and the new markets, which
Appeared without delay thanks to price reduction of factory production, than in force
Price reductions of transport or change of terms of trade. Production expansion
Was not a rise in prices consequence: if to consider influence of wars and depressions, a XIX-th century
Appears as an epoch of the decreasing prices. To put it briefly, this century
Economic pressure in favour of expansion of trade and transport
Possibilities had the reason production of the increasing volume of production.
Technological progress conducted to reduction of production costs and decrease
The prices.
Having done to trade justice for its role in increase of well-being of the West,
Let's address to a role of increase in a physical volume of output. Some, and
Can be, the large part of economic growth in industrial revolution It was defined by organisation and "know-how" perfection. Itself on
To itself the production increase would not lead to well-being growth, if not
There was a system of warehouses, shops, trade, financing and transport,
Thanks to which the made comes into the hands of consumers. Anything such not
Would be and in the event that not market relations, thanks to which choice Buyers defined worthy size of compensation of efforts of manufacturers.
But warehouses, shops, dealers, financiers, transport and market relations were
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