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in large qualitities
the action of making or manufacturing from components or raw materials
Intermediate Goods
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Mass production.
in large qualitities
The hiring of labor power only results in the production of goods or services.
the action of making or manufacturing from components or raw materials
a process in a factory in which goods are made in stages by a series of people or machines arranged in a line process in a factory in which goods are made in stages by a series of people or machines arranged in a line
Such a term is commonly known as mass production.
Henry Ford created the idea of assembly line production.
Henry Ford created the idea of assembly line production.
Inability to produce enough goods
assembly line
Mass production is the production of large quantities of a standardized article. Also, it can mean to manufacture goods. It is normally done in an assembly line.
A new way of making good developed by Henry Ford