Explain the term fordism, Microeconomics

Assignment Help:

Explain the term Fordism

Between approximately 1890 and 1930-or perhaps 1890 and 1950-a host of innovative technologies and business practices were adopted in the US. Europeans speak of 'Fordism': taking the part--Henry Ford's assembly lines in Detroit and his mass production of the Model-T Ford--for the whole. The fact that other industrial economies were unable to fully adopt American technologies of mass production and mass distribution in the first half of the 20th century gave the U.S. a unique level of industrial dominance and technological leadership in the years after 1950.

 


Related Discussions:- Explain the term fordism

Long period analysis, LONG PERIOD ANALYSIS: Long period refers to a ti...

LONG PERIOD ANALYSIS: Long period refers to a time when all the factors are variable. Earlier in the short period analysis, we had considered capital (K) to be fixed factor. H

Determine household production from the national accounts, What have been s...

What have been some justifications given for the historical exclusion of household production from the national accounts? Some reasons have included: a. households are not p

Point elasticity of demand, solution for -calculate price elasticity of dem...

solution for -calculate price elasticity of demand for demand function Q= 10 - 2p for decrease in price from Rs. 3 to Rs.2

Short run production period and long run production period, Short run produ...

Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable

Questions, Ask qI run a company that makes household power plants that use ...

Ask qI run a company that makes household power plants that use microeconomic textbooks to generate enough electricity each day for one house. Since there are a lot of used microec

Narrowness of definition of the commodity, Question : (a) Explain why...

Question : (a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether c

Economic Growth, the prevention of major swings in economic activity cn be ...

the prevention of major swings in economic activity cn be handled most easily by the financial or government sector?

Stoichiometry, 2ALBr3+3K2so4--->6KBr+1Al2(so4)3

2ALBr3+3K2so4--->6KBr+1Al2(so4)3

Credit squeeze, Credit Squeeze:At times private banks become reluctant to i...

Credit Squeeze:At times private banks become reluctant to issue new credit andloans, frequently because they are worried about risk of default by borrowers. This is common at the t

Explain content of factor markets and distribution of income, Explain about...

Explain about the content of factor markets and the distribution of income. Content of factor markets and the distribution of income: a. Factor distribution of income b.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd