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Mass Production created a lot of goods that were once scarce. now that these factories were pumping out so many products, there became too many on the market. Companies then lowered their prices so that people would by theirs instead of some one else's. so basically mass production lowered the cost of goods
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∙ 13y ago
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What innovation allowed for the mass production of goods?
Cotton gin
Which innovation allowed for mass production of goods?
Interchangeable parts opened the way for producing many different kinds of goods on a mass scale and for reducing the price of the goods.
What was an immediate economic result of the use of mass production techniques in American factories?
improved safety of goods
How did mass production make economic boom?
It allowed large numbers of goods to be produced quickly and inexpensively
What use of mass production standardized parts and a nationwide market for goods tended to?
Favor big buisness over small
How does mass production reduce cost on goods?
mass production mainly reduces the costs of labor..
Why is Mass Production important?
The technique of mass production makes it possible to produce goods at lower cost, which means that more people can afford to buy those goods, and the standard of living of the population will increase.
What method allowed goods to be produced in greater quantities at lower cost to the consumer?
Mass production
Word for Manufacturing of large amount of goods?
mass-production mass-production
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
What is known as the efficient production of large numbers of identical goods?
Mass production.
Mass production resulted in?
Reduced prices of goods.
How did mass production affect industrialization?
Mass production is a by-product of industrialization. Inventions that were part of the Industrial Revolution resulted in mass production.
What innovation allowed for the mass production of goods?
Cotton gin
Define mass production-?
Mass Production is when you produce something for many people or many things.
Did production of goods increase after the INdustrial Revolution?
Yes, because it became easier to make goods with the increased use of machinery and mass production.
Which innovation allowed for mass production of goods?
Interchangeable parts opened the way for producing many different kinds of goods on a mass scale and for reducing the price of the goods.
