This statement
is False
i. The Industrial
Revolution was a transformation of human life circumstances that occurred in the
late eighteenth and early nineteenth centuries in Britain, the United States, and
Western Europe due to large measures to advances in the technologies of
industry.
ii. This
brought about rapid changes in the field of production, marketing, demand, selling
strategies, etc.
iii. It
leads to the requirement of huge capital investments which was not possible for
sole trader and partnership firm.
iv. Thus
Joint Stock Companies came into existence. Therefore, we can say that company form
of organization has developed after the industrial revolution.
