THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Prices of products went up.
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Products were made more quickly and cheaply.
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Fewer products were available for consumers to buy
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Products were made more slowly
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Detailed explanation-1: -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: -Manufacturers implemented mass production through division of labor, assembly lines, large factories, and specialized machinery-requiring huge financial investment.
Detailed explanation-3: -Mass production in factories made it possible to manufacture goods more cheaply and quickly. Huge markets for these goods were opening up in the new cities, and in the lands that the European nations were conquering and settling overseas.
Detailed explanation-4: -Mass production has many advantages, such as producing a high level of precision, lower costs from automation and fewer workers, higher levels of efficiency, and prompt distribution and marketing of an organization’s products.