economics: section 7.4

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4 Terms

1
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  • henry Ford

  • model T

fill in the blank

mass-production was first used by ______ _____ and the _______ ___

2
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  1. division of labor

  2. standardized parts

  3. automatic conveyance (assembly line)

list the characteristics of mass-production.

3
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  1. labor

  2. time of production

  3. increase

  4. average cost

fill in the blank

pros of mass production:

  1. Less overall ______ 

  2. Less overall ____ __ __________

  3. Significant ________ in total production

  4. Saves on _______ _____

4
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  1. increases

  2. mass-produced

  3. overspecialization

fill in the blank

cons of assembly line:

  1. Over-expansion of costs (average cost ________) 

  2. Not all products should be _____-_________ 

  3. ______________ can occur