Question

How did the change in method of cotton impact the value of this product?

Answer 1

its value decreased because it was being produced faster and cheaper

Answer 2

With the advent of technology, came in new, faster and effective ways to produce products. Cotton, initially used to be hand picked and processed with hands using labor. This increased the value of the product due to the time and effort it took.

Now as the production is done through machines using technology, more cotton is produced in less time and labor. therefore as the production increases, so does the value of this product.