With the advent of industrial revolution, machines were
design to increase productivity and remove many laborious tasks from productive
activities. Workers were provide with which they could substitute machine power
for muscle power. Since, much was the machinery was massive, stationary and
dependent on power, it become a dominant feature. Under this system, land,
building, hired labour , capital were made available to the entrepreneur who
looked for combining these factors in the efficient achievement of particular
goal.
