Final Answer:
The factory system and cottage industry have undergone significant changes over the years, with advancements in technology, industrialization, and economic shifts playing crucial roles in shaping these transformations.
Step-by-step explanation:
Cottage Industry:
- Traditional Handicrafts to Specialized Production: In the early stages of industrialization, cottage industries were characterized by small-scale, decentralized production often carried out in homes.
- Technological Advancements: The introduction of new technologies, such as the spinning jenny and power loom during the Industrial Revolution, marked a shift in cottage industries.
- Factory System Competition: As the factory system gained prominence, it posed a challenge to the cottage industry.
Factory System:
- Industrial Revolution and Mass Production: The emergence of the factory system during the Industrial Revolution revolutionized manufacturing.
- Specialization and Division of Labor: Factories introduced a higher degree of specialization and division of labor. Workers became specialized in specific tasks, leading to increased efficiency and output.
- Urbanization and Labor Changes: The factory system contributed to urbanization as people moved from rural areas to work in factories.
In summary, the factory system and cottage industry have evolved significantly over the years. While cottage industries represented decentralized, small-scale production rooted in traditional craftsmanship, and the factory system emerged with industrialization.