USA HISTORY

Detailed explanation-1: -Anything consumers needed or desired could be made in larger quantities. Mass production resulted in lower prices of consumer goods. Eventually, economies of scale resulted in the most affordable price of any product for the consumer without the manufacturer having to sacrifice profits.

Detailed explanation-2: -By reducing labor costs, such machines not only reduced manufacturing costs but lowered prices manufacturers charged consumers. In short, machine production created a growing abundance of products at cheaper prices. Mechanization also had less desirable effects. For one, machines changed the way people worked.

Detailed explanation-3: -(i) Mass production lowered the costs and prices of engineered goods. Because US and many European countries were following the rule of giving higher or double wages to their labourers to do monotonous tasks in their factories.

Detailed explanation-4: -One important feature of the US economy of the 1920s was mass production. A well-known pioneer of mass production was the car manufacturer Henry Ford. Mass production lowered costs and prices of engineered goods. Thanks to higher wages, more workers could now afford to purchase durable consumer goods such as cars.