There is no correlation between the industrial revolution and social economic changes.

False

Explanation:

The industrial revolution resulted in higher standards of livings, better jobs for the working class, and generally speaking a much more comfortable life for most of society's members.

Manufactured products started to lower their prices since total output increased, and common middle class working people were able to purchase them.

European nations became dominant, especially the United kingdom. For the first time in history, China was not the most powerful nation in the world.

The positive effects of the industrial revolution were felt by the middle class, factory owners, business people (bourgeoisie), landowners and governments.

Of course not everything was good, a lot of negative effects came along with the industrial revolution. When cities started to grow due to migration from the countryside to large cities, slums were created, child labor became common and the differences in educational level increased. Working conditions in the factories were not that good either, with long hours and conditions that would currently be considered inhumane.