Market Integration

• market integration occurs when prices among different locations or related goods follow similar patterns over a long period of time
• agrarian revolution brought about experimentation with new crops and new methods of crop rotation
• Industrial revolution was a fundamental change in the way goods were produced, from human labor to machines.
• in modern history, the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing
• Information revolution describes current economic, social, and technological trends beyond the industrial revolution
• information revolution is the period of change that might prove as significant to the lives of people