How did markets resolve scarcity during the industrial revolution?

by increasing prices so that producers would make more goods

Explanation:

The Industrial Revolution was a period of time when the manufacturing of products moved from homes and small shops to large factories. The shift brought about the changes in culture as people moved from the rural areas to the urban areas in order to work.

Although there were plenty advancements during the Industrial Revolution, there were also issues due to the rapid progress. As workers left their farms in order to work in factories so as to earn higher wages, this resulted into a shortage of the food being produced and also the increase in the number of factories resulted into an increased in the urban pollution.

Markets resolved the issue of scarcity during the Industrial revolution by raising prices of goods so that producers would make more goods.

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