Mention any two features of the Economic System that grew as a result of the factory System.
1. Capitalism: Due to the introduction of factory system the major portion of society was divided into two parts :
(i) The capitalists who were the owners of the factories.
(ii) The labourers, who used to work in the factories for the wages.
2. Colonialism: In their bid to make more profits the Industrial Nations invaded and conquered many small and weak countries and turned them into their colonies because they needed the raw material to feed their machines and the markets to dispose of the finished goods.
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