Produced Means of Production

Mass production (also called flow production or repetitive flow production) is the production of large amounts of standardized products on production lines. It was popularized by Henry Ford in the early 20th Century, notably in his Ford Model T. Mass production is notable because it permits very high rates of production per worker and therefore provides very inexpensive products. Mass production is capital intensive, as it uses a high proportion of machinery in relation to workers. With fewer labor costs and a faster rate of production, capital is increased while expenditure is decreased. However the machinery that is needed to set up a mass production line is so expensive that there must be some assurance that the product is to be successful so the company can get a return on its investment. Machinery for mass production such as robots and machine presses have high installation costs



see the video of Ford Motor Company :
http://www.britannica.com/eb/art-18399
 
Advantage of Mass Production

1) Highly Standardized Product

2) Batch Production

3) Continuous and Mass Customization Options

:SugarwareZ-124:
 
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