Question

what do you understand by large scale production?​

Answer 1

Answer:

The term, “Large scale production” refers to the production of a commodity on a large scale with a large sized firm. It requires huge investments in plant and machinery. ... The factory system which extensively used machinery and adopted division of labor made large scale production possible.

Explanation:

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Answer 2

➤ Answer :-

⟶ Large scale production :-

• The term, “Large scale production” refers to the production of a commodity on a large scale with a large sized firm.
• Large scale firms are characterized by mechanization, division of labor and production and sale of goods in large quantities. They cater to a large market.