What did 'mass production' bring to early-20th-century industrial economies?
- Standardised products + lower per-unit costs
- Lower wages for everyone
- End of all small enterprises (typical)
- Higher prices for cars
Show answer and solution
Correct answer: A. Standardised products + lower per-unit costs
1. syllabus discusses mass production with the Ford example.
2. Mass production reduced per-unit cost (e.g. Model T price dropped from $850 in 1908 to under $300 by mid-1920s).
3. Standardisation made cars affordable for the working middle class.
_Source: syllabus History India and the Contemporary World - II, Ch 4 "The Age of Industrialisation", §Ford ¶2_