Fit-Freak Ltd ('FF') is a Perth-based company that specialises in designing and manufacturing indoor gymnasium equipment. Clause 2 (the objects clause) of FF's constitution provides that the company's activities are restricted to the design and manufacture of indoor gymnasium equipment'. < Eighty per cent of the company's members are outdoor enthusiasts who would like the company to expand its activities to include the design and manufacture of outdoor exercise equipment (for use in public parks and other outdoor public places). The directors think that this is not a good idea. With reference to the above set of facts, and using the four-steps process, discuss whether the directors have to give effect to the members' wishes. If the directors ignore the members' wishes, can the members change the company's constitution to remove clause 2 of the constitution, and if so, how this can be done.
Answers
Based on the given facts, the directors of Fit-Freak Ltd (FF) are not obligated to give effect to the members' wishes to expand the company's activities to include the design and manufacture of outdoor exercise equipment.
Clause 2 of FF's constitution restricts the company's activities to the design and manufacture of indoor gymnasium equipment, and as long as the directors are acting within the scope of the constitution, they have the authority to make decisions regarding the company's activities.
The directors of a company have a fiduciary duty to act in the best interests of the company.
This duty includes making decisions that align with the company's objectives and comply with the provisions set out in the company's constitution.
In this case, the objects clause in FF's constitution limits the company's activities to indoor gymnasium equipment.
To change the company's constitution, including removing clause 2, the members would need to pass a special resolution.
According to the Corporations Act 2001 (Cth), a special resolution requires at least 75% of the members' votes in favor of the proposed change.
However, the constitution may also specify a different threshold for passing a special resolution, so it's important to refer to FF's specific constitution for any such provisions.
In summary, the directors of FF are not obligated to comply with the members' wishes to expand the company's activities beyond indoor gymnasium equipment, as long as they act within the boundaries of the company's constitution.
If the members want to change the constitution and remove clause 2, they can do so by passing a special resolution with the required majority as specified in the constitution or by the Corporations Act.
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Related Questions
Why miscommunication and misunderstanding happen
Answers
Answer:
misunderstanding happens due to the distance . misunderstanding happen due to lack of time to solve problem . misunderstanding happens due to third person between two persons . misunderstanding happens due to the virtual world .
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
During the ____ , deliverables are accepted by the sponsoring organization or client, and historical information is transferred and archived. planning initiation closeout execution maintenance
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It is during the Closeout that deliverables that are sponsored by an organization become accepted.
What Is Closeout?closeout or clearance sale is a discount sale of inventotry by the seller because of low demand in of product or because the seller is relocating or closing ort because of bankruptcy or there is too much order on the product.
Therefore, During the Closeout, deliverables are accepted by the sponsoring organization or client, and historical information is transferred and archived. planning initiation closeout execution maintenance.
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What are Logistics careers?
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are the so-called advantages of small businesses really advantages? wouldn’t every small-business owner like his or her business to grow into a large firm?
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The advantages of small businesses are indeed real advantages as small businesses can take several initiatives faster than their larger counterparts. Small businesses can take risks more comfortably as there is no need to go through layers of bureaucracy to obtain approval for implementing an idea
Due to their small size, small businesses are flexible and can make changes quickly to improve operations. Additionally, Small businesses can operate on low overhead costs as they do not have many employees Every small-business owner would like their business to grow into a large firm, but it is not always possible or desirable.
Small businesses have the advantage of being able to operate in a niche market, which can be very profitable. Additionally, small businesses can provide personalized services to their customers, which is not possible in larger firms where customers are just a number.Small businesses also have the advantage of being able to respond more quickly to changes in the market. This is because they have fewer employees and layers of bureaucracy, which means that decisions can be made quickly. Moreover, small businesses can be more innovative as they have the freedom to experiment with new ideas without fear of failure.Small businesses are also able to offer more opportunities for growth and advancement to their employees. This is because there is less competition for promotions and job openings in a small business. In addition, employees in a small business are more likely to have a direct impact on the company's success, which can be very rewarding.Therefore, the advantages of small businesses are indeed advantages, and every small-business owner may not always want their business to grow into a large firm.
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2. Answer the following questions about the letter:
a. Who is the sender of this letter? (1 point)
b. Who is the recipient of this letter? (1 point)
c. What is the purpose of this letter? (2 points)
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Note that the letter referenced in this question is unavailable so we can look at an alternative. (See the attached.)
In this case:
The Sender is: James JohnThe recipient is the Manager at Sun Bank; andThe purpose of the letter is to apply for a job.What is a letter important?
A letter is important as it serves as a means of communication and helps convey thoughts, ideas, and information from one person to another.
A letter can be used for personal or official purposes and can play a significant role in establishing relationships, resolving conflicts, or making important decisions.
A well-written letter is an effective tool for conveying messages, as it allows for clear and concise communication, and provides a record of the message for future reference.
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In order to get senior management to approve an increase in the social media advertising budget, the marketing manager made a presentation detailing the campaign's click-through rate, number of site visits, and the number of leads generated through the banner ads. What type of influence tactic was the marketing manager using
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There are different types of persuading techniques. Rational persuasion is the type of influence tactic was the marketing manager using.
Rational persuasion is commonly known to be a simple tactic. It uses different kind of request of the pressure approach along with the use of logical arguments aiding the request.
With this tactic, leaders use logical arguments and factual evidence to show that a request can be melt and needed to reaching said objectives.
Conclusively, It often rely on the use of facts and a big argument that is effective.
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___Information pertains to the problem and hand
A) accurate
B) complete
C) relevant
D) timely
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Select the correct answer from each drop-down menu.
Complete the sentences about career exploration by correctly filling in the missing information.
As you start to review the various career options available to you, you’ll notice that not every career will require ____ Instead, you can prepare for a job in that field by attending a technical school, undergoing on-the-job training, or completing_____
.
1.
A. a background check
B. a college degree
C. skills
2.
A. a job application
B. an apprenticeship
C. an interview
Answers
Answer:
1-B. a college degree 2-B. apprenticeship
As you start to review the various career options available to a person, person notice that not every career will require a college degree Instead, a person can prepare for a job in that field by attending a technical school, undergoing on-the-job training, or completing an apprenticeship. Thus, options 1. (b) and 2. (b) are correct.
What is the job?
The term job refers to employment in a particular company. The company pay amount on employees is also known as a job. The job has created the opportunity for building a career. A job is support to the financial earn and built experience. There are producers, builders, thinkers, and Improvers.
A person decided that every career does not necessarily require a college degree. Compared to the best option, the best option is searching for a job and learning technical knowledge, and gaining the ability to perform the work efficiently and effectively. on-the-job training and completing an apprenticeship.
As a result, a college degree is not necessarily as compared to an apprenticeship. Therefore, options 1. (b) and 2. (b) are correct.
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Why might it be a good idea for people who always pay cash to
purchase a few things on credit?
Answers
Answer:
Okay so when you purchase something on your credit card, your credit goes up (thats always good) but whenever you purchase something with your credit card you have to pay it back. But that wont be a problem for people who always pay with cash. Because they like to spend with cash regularly. ON a daily basis.
Explanation:
I hope that helped
ways which business can overcome competition in the market environment
Answers
Know the competition. Find out who your competitors are, what they are offering, and what their strengths and weaknesses are. ...
Know your customers. ...
Differentiate. ...
Step up your marketing. ...
Update your image. ...
Look after your existing customers. ...
Target new markets. ...
Expand your offer.
true or false... the part of fungus that produces is the fruiting body?
Answers
Answer:
false
Explanation:
I think it is false
Ordoliberal thought has had a profound influence on economic and political policy in _______________.
Answers
Ordoliberal thought has had a profound influence on economic and political policy in Germany itself and in the broader European Union. Ordoliberalism emphasizes the importance of market competition as a means of promoting economic efficiency and innovation
This approach has had a significant impact on economic policy in Germany, where a strong social market economy has been developed, emphasizing the importance of both market forces and government intervention.
In particular, the principles of ordoliberalism have influenced the development of Germany's regulatory framework, which emphasizes the importance of independent regulators and the need for competition to be enforced through antitrust laws and other measures.
Moreover, the principles of ordoliberalism have also had an impact on the European Union, where they have been embraced as a means of promoting economic integration and stability. The EU's competition policy, which emphasizes the importance of competition to promote economic efficiency and prevent the negative effects of market failures, reflects the influence of ordoliberal thought.
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1. Choose a well-known company that you know of, and answer the following questions about it:
Answers
Answer:
what type of company
and which other questions
if i make $1,200 a month how much do i get at the end of the year for an early income
Answers
Answer:
$14,400
Explanation:
the link between the home currency value of a firm's assets and liabilities and exchange rate fluctuations is operating exposure. asset exposure. none of the options asset exposure and operating exposure.
Answers
The link between the home currency value of a firm's assets and liabilities and exchange rate fluctuations is known as both asset exposure and operating exposure. The correct option is asset exposure and operating exposure.
Asset exposure refers to the potential changes in a firm's assets' value due to exchange rate fluctuations. This can directly affect the company's balance sheet, as assets and liabilities are usually denominated in different currencies. When exchange rates fluctuate, the home currency value of these assets and liabilities can change, potentially impacting the firm's financial position.
Operating exposure, on the other hand, is the extent to which exchange rate fluctuations can affect a company's future operating cash flows. This is because exchange rate movements can impact the firm's competitiveness, as well as its revenues and costs in different currencies. For example, a company with a significant portion of its costs in a foreign currency may experience increased expenses if that currency appreciates relative to its home currency.
Both asset exposure and operating exposure are essential aspects for a firm to manage when operating in international markets. By understanding and managing these exposures, companies can mitigate the risks associated with exchange rate fluctuations and maintain a stable financial position.
In summary, the relationship between a firm's home currency value of assets and liabilities and exchange rate fluctuations involves both asset exposure and operating exposure. The correct option is asset exposure and operating exposure.
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A machine at a manufacturing company is programmed to fill shampoo bottles such that the amount of shampoo in each bottle is normally distributed with mean 0.60 liter and standard deviation 0.04 liter. let the random variable a represent the amount of shampoo, in liters, that is inserted into a bottle by the filling machine.
Answers
The probability that a randomly selected bottle of shampoo will be underfilled is 0.0062.
What is the meaning of Probability?
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 as well as 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, the probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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the candidate access rule required broadcasters to give
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The candidate access rule, also known as the equal time rule, requires broadcasters to provide equal opportunities to political candidates to access their broadcast facilities.
if a broadcaster provides airtime to one candidate, they must provide equal airtime to all other candidates running for the same office .To comply with the candidate access rule, broadcasters should maintain detailed records of their programming to ensure that all candidates are given equal opportunities to access their facilities.
They should also establish clear guidelines and policies for political advertising and ensure that they are applied consistently and fairly to all candidates.The candidate access rule was first introduced in the United States in 1927 and was later incorporated into the Communications Act of 1934. The purpose of the rule is to promote fair and impartial coverage of political campaigns and to prevent broadcasters from favoring one candidate over another.
To comply with the rule, broadcasters must keep detailed records of their programming and make them available to the public upon request. They must also provide equal opportunities to all candidates, regardless of their political party or affiliation. This includes providing equal airtime for political advertising, debates, and other political programming .
In addition, broadcasters must establish clear guidelines and policies for political advertising and ensure that they are applied consistently and fairly to all candidates. This includes ensuring that political advertising is clearly labeled as such and that all candidates are given equal opportunities to purchase advertising time.
To summarize, the candidate access rule is an important tool for promoting fair and impartial coverage of political campaigns. By maintaining detailed records, establishing clear guidelines, and providing equal opportunities to all candidates, broadcasters can ensure that they comply with the rule and contribute to a healthy and vibrant democratic process.
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The months-of-supply for an item in inventory will always be ______ the days-of-supply for the identical item.
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It can be deduced that the months-of-supply for an item will be less than the days-of-supply.
What is supply?Supply simply means the quantity of goods and services that a supplier or producer is willing to sell at a particular time and a given price.
The months-of-supply for an item in inventory will always be less than the days-of-supply for the identical item.
In conclusion, the correct option is less than.
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Derek borrows $32,665.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of
5.30%. After a 12.00 months Derek decides to pay off his car loan. How much must he give the bank?
Answers
To calculate the amount Derek must give the bank to pay off his car loan after 12 months, we need to consider the loan amount, the interest rate, and the duration of the loan.
First, let's calculate the monthly interest rate:
Monthly interest rate = Annual interest rate / 12
Monthly interest rate = 5.30% / 12 = 0.0530 / 12 = 0.0044167
Next, let's calculate the number of remaining monthly payments:
Number of remaining payments = 6 - (12 / 12) = 5
Now, let's calculate the monthly payment using the formula for an amortizing loan:
Monthly payment = P * r * (1 + r)^n / ((1 + r)^n - 1)
Plugging in the values, we get:
Monthly payment = 32665 * 0.0044167 * (1 + 0.0044167)^60 / ((1 + 0.0044167)^60 - 1)
Monthly payment ≈ $607.75
After 12 months, Derek has made 12 monthly payments of $607.75 each, totaling:
Total payments = Monthly payment * Number of payments
Total payments = $607.75 * 12 = $7,293.00
Remaining principal = Loan amount - Total payments
Remaining principal = $32,665.00 - $7,293.00
Remaining principal ≈ $25,372.00
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The monopoly faces an inverse demand as , where is its quantity, is its price, and is its level of advertising spending. Its marginal cost of production is $100 per unit, and its cost of a unit of advertising is Find how much profit can be increased at most because of the advertisement.
Answers
The maximum increase in profit due to advertising can be determined by analyzing the impact of advertising spending on the monopolist's revenue and cost.
To determine the maximum increase in profit due to advertising, we need to analyze the impact of advertising spending on the monopolist's revenue and cost. The inverse demand function can be represented as , where is the quantity, is the price, and is the level of advertising spending. The monopolist's revenue is given by , where is the quantity sold. The monopolist's cost consists of the cost of production and the cost of advertising. The cost of production is constant at $100 per unit.
To calculate the impact of advertising on profit, we need to determine the change in revenue and cost resulting from a change in advertising spending. The cost of advertising is given, so the change in cost is simply the difference between the cost with advertising and the cost without advertising. The change in revenue can be calculated by considering the effect of advertising on quantity sold and price.
By subtracting the change in cost from the change in revenue, we can determine the change in profit resulting from advertising. This value represents the maximum increase in profit that can be achieved through advertising spending.
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which of the following is not one of the common methods for producing a net charge on an object?
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Production of additional charges of a particular sign by strong pressurization or depressurization is not one of the common methods for producing a net charge on an object.
"Net" refers to the sum after positive and negative charges have been included. When an atom contains more electrons than protons, this is referred to as having a net charge on it. Because the charges add up to positive and negative values, the +1 charge entirely cancels out the -1 charge. The SI unit for net charge is the coulomb.
If there are more protons than electrons, the net charge of the thing is positive. If an object has more electrons than protons, it has a negative charge. If the protons and electrons in a thing are equal, the object is electrically neutral.
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A lumberyard contracted with a retail home improvement company to provide the company with pine boards of various lengths and amounts. The contract was silent as to delegation, and the lumberyard, acting in good faith, delegated its duties under the contract to a third party. After asking for, and receiving, assurances from the third party that the boards would conform to contract specifications, the company accepted the delegation. The third party delivered the boards, which the company rejected because the shipment did not conform to its specifications. The company sued both the lumberyard and the third party. The lumberyard moved to dismiss the claims against it. Should the court dismiss the suit against the lumberyard?
Answers
A lumberyard entered into a contract with a retail home improvement company to provide the company with pine boards of various lengths and amounts.
The contract did not say anything about delegation, but the lumberyard, acting in good faith, assigned its responsibilities under the contract to a third party. The company approved the delegation after receiving assurances from the third party that the boards would conform to contract specifications. The third party supplied the boards, which the company turned down since they did not meet the contract specifications. The company has filed lawsuits against both the lumberyard and the third party. Should the court dismiss the claims against the lumberyard?No, the court should not dismiss the claims against the lumberyard because the agreement did not specifically prohibit delegation, it must be determined whether delegation was forbidden by implication. In certain situations, the parties' intention is clear, and delegation is prohibited by implication.
However, if the parties' intent is unclear, delegation is allowed. There is no implication in this contract that delegation is forbidden. Because delegation is not forbidden by the contract, the lumberyard is not responsible for the third party's breach of the contract's performance. The company, on the other hand, is entitled to demand that the third party fulfill its obligations under the agreement because it approved the delegation and the third party failed to comply with the agreement's terms and conditions. As a result, the lawsuit against the lumberyard should not be dismissed.
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at flourish and blotts Arthur weasley did what
Answers
Note that the above prompt is related to Harry Potter Lexicon (Chapter 4). It is also to be noted that Lucius Malfoy taunts Arthur Weasley for socializing with Muggles (Mr. and Mrs. Granger) at Gilderoy Lockhart's book signing at Flourish and Blotts, and Arthur lunges at Lucius.
What Occurred thereafter?Following the above events, the ruckus disturbs the bookshelves. An Encyclopedia of Toadstools strikes Lucius in the eye, while Arthur suffers a lip cut.
Molly and the assistant manager of Flourish and Blotts implore in vain for the guys to cease fighting. Hagrid finally separates them. In the midst of the confusion, Lucius sneaks Riddle's journal into Ginny's cauldron.
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Businesses provide help to the communities they are in by helping to provide , services, and jobs.
Answers
Businesses provide help to the communities they are in by helping to provide goods , services, and jobs.
What is Business?Business can be defined as the process trading or buying and selling so as to make money or to make profit.
A communities that has different type of businesses situated their by people tends to enjoy some benefit as it can tend to lead to job creation for unemployed people living in the community and it as well provide goods and services for them.
Inconclusion Businesses provide help to the communities they are in by helping to provide goods , services, and jobs.
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calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Answers
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
Consumer wealth is defined as the total value of ______. Multiple choice question. assets minus the total value of liabilities all investments plus the money in the bank all investments plus the money in the bank minus debt total assets
Answers
Answer:
Assets minus the total value of liabilities
Consumer wealth is defined as the total value of assets minus the total value of liabilities. Thus, the statement "assets minus the total value of liabilities" is the correct statement.
What is the wealth effect?According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises. Even if their income and fixed costs remain the same as before, they are made to feel wealthier.
The wealth effect captures the psychological impact of growing asset prices, such as those that take place during a bull market, on consumer purchasing patterns. The idea focuses on how significant rises in the value of investment portfolios boost consumers' emotions of security, sometimes known as their level of confidence. Increased confidence results in more spending and lower saving rates.
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once a company files for bankruptcy, it must liquidate all its assets and stop the business. once a company files for bankruptcy, it must liquidate all its assets and stop the business. true false
Answers
When a business experiences insolvency, the process of liquidation is initiated, which involves closing down the enterprise and allocating its assets to claimants. more.
Definition of a liquidationA company's inventory is frequently sold at a significant discount during a liquidation process in order to raise money. Liquidation sales frequently precede business closures. The company closes its doors once all of its assets have been sold.
What does the term "liquidation of funds" mean?Assets that are liquidated are those that can be sold in the open market to become liquid assets. Assets may be sold freely by a person or business, or they may be compelled to be sold by a court order in the case of bankruptcy.
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Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does his employer pay for his unemployment tax for the entire year?
A. no limit
B. $0
C. $840
D. $420
Answers
Answer:
B. $0
Explanation:
Unemployment tax known as FUTA (The Federal Unemployment Tax act) is imposed on employers based on the wage and salaries they pay their employees. Employers who pay $1500 and above per calendar quarter are mandated to pay FUTA. Unlike other payroll-based taxes, employers are not required to deduct FUTA from employees. Therefore, nothing should be withheld from Robert's income as unemployment tax.
What technology is used in a plough?Describe it.
Answers
Answer:
A plough or plow (US; both /plaʊ/) is a farm tool for loosening or turning the soil before sowing seed or planting. Ploughs were traditionally drawn by oxen and horses, but in modern farms are drawn by tractors. A plough may have a wooden, iron or steel frame, with a blade attached to cut and loosen the soil.
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As a result of the industrial revolution, steam engines could now be used to pull plows. In the early 20th century, internal-combustion-powered tractors replaced them.
What was industrial revolution?During the Industrial Revolution, which took place in the 18th century, scientific and technological advancements led to the industrialization of rural, agrarian cultures, particularly those in Europe and North America.
The steam engine, the age of science and mass production, and the rise of digital technology were three innovations that dramatically altered the world as we knew it.
An agrarian economy gave way to an industrial economy during the Industrial Revolution, where things were no longer exclusively manufactured by hand but also by machines.
This resulted in an uptick in output and efficiency, as well as decreased prices, a growth in goods and services, higher earnings, and a migration of people from rural to urban regions.
The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution are some of the factors that historians have recognized as contributing to the Industrial Revolution.
Water and steam power were utilised in the First Industrial Revolution to automate production. Electricity was employed by the Second to facilitate mass production. The Third automated production using electronics and information technologies.
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