Share This Article:

Economic Definition of mass production. Defined.

Offline Version: PDF

Term mass production Definition: The production of large quantities of virtually identical goods using large scale operations. Such production typically makes use of large factories that benefit from economies of scale. The "mass" aspect of mass production indicates: (1) that large quantities, or masses, of goods are produced and (2) that these goods are being purchased or consumed by the majority of the population, or large masses of people. Mass production is largely a consequence of the industrial revolution, which moved society from a rural-based population engaged in agrarian production to an urban-based population engaged in factory production.

 

« Marshallian cross | materials »

Permalink: http://glossary.econguru.com/economic-term/mass+production

Alphabetical Reference to Over 2,000 Economic Terms