Industrial & Commercial Fast Facts, Last Updated:09/06/2010
Pre-industrial economies often rely on sustenance standards of
living, whereby large portions of the population focus their
collective resources on producing only what can be consumed by
them, though there have also been quite a few pre-industrial
economies with trade and commerce as a significant factor, enjoying
wealth far beyond a sustenance standard of living. Famines were frequent in most
pre-industrial societies, although some, such as the Netherlands and
England of the 17th and
18th centuries were able to escape the famine cycle through
increasing trade and commercialization of the agricultural
sector. |
