a factory has machine which are expensive then how can it produce goods that are cheaper than those produced by hand
Answers
Answered by
57
The hand made goods take huge amount of time and effort, while machine made goods get ready in an instant. Which reduces the labour cost
nisthabaid:
Nice answer, Thankyou
Answered by
38
Factory has machine which are expensive but their production per hour is more than that of a handmade cloth.
For eg:-
If a handmade cloth is produced in 3 hr then in that 3 hr the machine has produced 50 cloth.
And after a certain sale value the machine's cost is fulfilled and the company runs in profit as the cloth machines require low maintenance.
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