summarise the main features of factory production
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They are a critical part of modern economic production, with the majority of the world's goods being created or processed within factories. ... Factories may either make discrete products or some type of continuously produced material, such as chemicals, pulp and paper, or refined oil products.
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The main characteristic of the factory system is the use of machinery, originally powered by water or steam and later by electricity. Other characteristics of the system mostly derive from the use of machinery or economies of scale, the centralization of factories, and standardization of interchangeable parts.
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