What are mass production and mass consumption?
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Mass Consumption. Mass Production was a term invented by Henry Ford, the auto maker, in 1926. Before that, his system of assembly-line manufacturing was called "Fordism". The genius of the 19th Century Industrial economy was its ability to boost production, to maximise output.
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Ford car was produced in an assembly line system and a car was produced nearly every 3 minutes
Producing a lot of cars is Mass production
Buying a lot of cars Is mass consumption or Selling in high rate
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