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How did mass production techniques such as the assembly line affect the us economy?
Mass production techniques, particularly the assembly line, revolutionized the U.S. economy by significantly increasing production efficiency and lowering costs. This allowed companies to produce goods at a much faster rate, making products more accessible to the general public and stimulating consumer demand. The rise of mass production also contributed to the growth of the manufacturing sector, creating jobs and fostering urbanization as workers flocked to factories. Overall, these techniques helped propel the U.S. into an era of economic expansion and consumerism in the early 20th century.
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How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
How will a reduction in the number of hours worked each day affect an economy's production possibilities curve?
The economy's production possibilities would drop if there was a reduction in the number of hours worked each day. Since, production is dependent on labor, there would be less products produced.
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
How does the marketing affect the economy?
how does affect the all economy
How do the four factors of production affect the economy?
Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.
How did the assembly line affect production costs?
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How does the production of cheese affect the Economy of Cambodia?
mmm.. cheese
How did Eli whitneys ideas affect manufacturing in the US.?
Eli Whitney's ideas, particularly the concept of interchangeable parts and the cotton gin, significantly transformed manufacturing in the United States. His introduction of interchangeable parts revolutionized production methods, allowing for mass production and reducing the time and cost of assembling products. This innovation laid the groundwork for the assembly line and modern manufacturing techniques. Additionally, the cotton gin greatly increased cotton production efficiency, fueling the growth of the textile industry and impacting the economy and labor practices in the South.
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
How did the war affect the Europe economy?
The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.
How will a reduction in the number of hours worked each day affect an economy's production possibilities curve?
The economy's production possibilities would drop if there was a reduction in the number of hours worked each day. Since, production is dependent on labor, there would be less products produced.
What environmental factors affect banking industry?
competitors, customers, techniques of production, suppliers, stock market, raw materials.
How does the government regulation affects the economy?
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
How does the marketing affect the economy?
how does affect the all economy
How do bio-fuels affect the economy?
it does not affect the economy
How did mass production and the assembly line affect economic growth in the US during the 1920s?
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How do the four factors of production affect the economy?
Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.
