The Industrial Revolution Was Based on

question 80

Multiple Choice

The Industrial Revolution was based on

• A)the spread of cottage industry.
• B)people beginning to work in their homes.
• C)a decrease in productive specialization.
• D)new sources of energy.

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Definitions:

Liability

A liability is a company's financial debt or obligation that arises during the course of business operations, listed on the right-hand side of the balance sheet.

Asset

Resources with economic value owned by an individual, corporation, or country, expected to provide future benefits.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the amount of income subject to income tax.

Repayment

The act of paying back borrowed money, usually with interest, over a period of time according to a predetermined schedule.