What is the importance of Industrial Revolution in our economy?

Industrial Revolution has transitioned in the economic development

and includes the agriculture and includes the handicrafts that follow over
the economies and later on it would transit in the large-scale industry. The
industrial revolution also evolves around manufacturing and brings in the
factory system. Thus, the industrial revolution changed the world by
bringing a transformation in the economy, business, and society that make
a growing country a developing country. New machines, sources of power,
new ways of organizing work made the industries much more productive
and efficient.

This revolution transformed economies that had been based on

agriculture and handicrafts into economies based on large-scale industries
and the factory system. These huge changes had major effects on the
world and even still continue to shape to date. The industrial economy
absorbed underemployed and jobless employees from the agricultural
sector, resulting in an increase in the economy's income. With more jobs
and more goods and services, we're able to be produced faster and in a
more efficient way. The industrial revolution ensured that there was
optimum utilization of scarce resources and thus the quality and quantity of
the manufacturing sector increased thereby increasing the national
economies. In both small and large-scale enterprises, the industrial
revolution boosted job prospects.