Final answer:
The term 'midrise' describes a building with 5 to 10 stories and is equipped with elevators, unlike skyscrapers which are much taller, and low-rise buildings which typically don't have elevators due to fewer stories. The electric elevator's invention spurred the development of tall buildings like the Home Insurance Building, the first skyscraper.
Step-by-step explanation:
The term midrise best describes a building with a moderately large number of stories, typically ranging from 5 to 10, and is equipped with elevators. A skyscraper is usually much taller, with significantly more stories, and a low-rise building typically has fewer than five stories and may not need elevators. High-rise buildings are taller than midrise, often with more than 10 stories, and are a common sight in urban centers.
The invention of the electric elevator in 1889 made it possible to develop taller buildings, as seen in the case of the Home Insurance Building in Chicago, which is considered the first modern skyscraper. Steel girders and passenger and freight elevators played a crucial role in the construction of these tall buildings, indicating how technological advancements can impact architecture and city planning. In addition, these buildings were responses to the limited space and high real estate values in city centers.