key term - Mass production

Definition

Mass production is a manufacturing process that produces large quantities of identical items using assembly line techniques and standardized parts. It aims to produce high volumes at low costs by efficiently using resources and minimizing labor.

Related terms

Assembly Line:

A manufacturing method in which a product is put together as it moves through a line of workstations, each adding a specific component.

Standardization:

The process of making components uniform or consistent in size, shape, and design so they fit all products being assembled.

Economies of Scale:

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output