The Impact of the Industrial Revolution on the Economic Development of a Country. The Path From Industry 1.0. to Industry 5.0

The article considers the role of industrial revolutions in the formation of modern economy and their impact on the change of social relations in enterprises. It analyzes the history of industrial development, starting from the first industrial revolution (Industry 1.0), which began in the XVIII-th century and up to the present (Industry 4.0). A prospective forecast for the transition to Industry 5.0. is made, highlighting its main potential directions, with emphasis on the role of human capital in the future.