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Q: What are mass production and mass consumption?
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A form of industrial capitalism, characterised by mass production and mass consumption. Resource driven production instead of demand driven and wages dependent on productivity of the worker.


What is the explanation for the relationship between production and consumption?

between consumption production


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Difference between production gains consumption gains?

that in production you sell and in consumption you buy:)


When was Product for Mass Consumption created?

Product for Mass Consumption was created in 1997.


What is simultaneity of production and consumption?

It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.


Could production and consumption take place with money?

could production and consumption take place without money


Which person studies the production distribution and consumption of goods and services?

An Economist studies the production distribution and consumption of goods and services


Which person studies the production .distribution and consumption of goods and services?

An Economist studies the production distribution and consumption of goods and services


What is the relationship between consumption and production?

Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.


Where is the the mass production present today's culture?

Mass production is present in various industries such as automotive, electronics, and consumer goods, allowing for large quantities of goods to be produced quickly and efficiently. This widespread adoption of mass production has led to increased affordability and accessibility of products for consumers. It continues to shape modern culture by influencing consumption patterns and the availability of goods in the market.


What practices will likely reduce consumption and production in Western Europe?

In the modern age, production and consumption are at an all time high in Western Europe. The idea of getting back to a simple lifestyle should reduce both production and consumption after some time.