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Fordism is characterized by the mass production of goods using assembly line techniques, which allow for increased efficiency and lower production costs. This system emphasizes standardization of products and the use of specialized machinery, enabling high output and consistent quality. Additionally, Fordism is associated with the idea of paying workers higher wages to ensure they can afford the products they produce, thereby boosting overall consumption. This approach fundamentally transformed industrial production and labor relations in the early 20th century.

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1mo ago

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