What is a manufactory? Can the emergence of manufactories be considered a sign of something new in economic development?

A manufactory is an enterprise that makes it possible to produce more products than craft workshops. The main difference between a manufactory is the division of labor. In a manufactory, people of different specialties work in one room. Thus, the entire production process takes place in one place and is controlled.
It is possible, since the appearance of manufactories speaks of the growth of production and other principles of production. This increased trade and had a positive effect on trade and the economy as a whole.



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