ABSTRACT
In manufacturing industry, there was spectacular growth in output and labour productivity in two industries, cotton textiles and iron smelting. In the national economy as a whole, output rose at an accelerating rate, reflecting the acceleration in population growth, population more than doubled in this period. The 'Revolution' in this case is seen as one in which the entire economy broke out from a state in which total national income grew only intermittently, if at all, into a state in which there was continuous advance in national income. The productivity increases which took place in cotton textile production led to reductions in the relative price of cottons and, hence, a rise in consumption. The growth in total agricultural output enabled Britain to minimise imports of European grain as the population increased. Industrialisation had its roots in a long European and British history of agricultural, commercial, scientific and industrial development.
