What innovation made it possible to sell a lot of goods really cheap?

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2026-08-27 08:25

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The innovation that significantly enabled the sale of goods at lower prices is the development of large-scale manufacturing and automation, particularly during the Industrial Revolution. This allowed companies to mass-produce items efficiently, reducing production costs. Additionally, advancements in logistics and supply chain management, such as just-in-time inventory and global shipping, further lowered prices by streamlining distribution. Together, these innovations made it feasible for retailers to offer a wide range of products at competitive prices.

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