ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Under Fordism, the industrial worker had to work at a pace dictated by the speed of the assembly line. Work was repetitive and often exhausting. Under Post-Fordism, if you have job, you have to work at a speed dictated by computers, and you are competing, wage-wise, with other desperate people in low-wage countries.

Detailed explanation-2: -What is Fordism? In present-day economic theory Fordism refers to a way of economic life developed around the mass production of consumer goods, using assembly-line techniques. A few large companies came to dominate the key sectors of the economy, they dictated the market, and dictated what consumers would be offered.

Detailed explanation-3: -Undyed clothes are mass produced, but then sent to small, home-based craft workers to dye the clothes and add adornments such as buttons.

Detailed explanation-4: -(ˌpəʊstˈfɔːdɪzəm ) the idea that modern industrial production has moved away from mass production in huge factories, as pioneered by Henry Ford, towards specialized markets based on small flexible manufacturing units.