Interchangeable Parts: Interchangeable parts are identical components that can be easily substituted for one another. This innovation allowed for mass production and quicker assembly of products.
Factory System: The factory system is a method of manufacturing where all stages of production take place under one roof. It streamlined the production process and led to increased productivity.
Mechanization: Mechanization involves replacing human labor with machines or automated processes. By utilizing machinery, industries were able to significantly boost their productivity levels.