Question

Modern manufacturing is characterized by:

विकल्प

• A complex machine technology extreme specialisation and division of labour for producing more goods with less effort, and low costs.

• Vast capital

• Large organisations

• All the above

Answer 1

All the above

Explanation:

Modern manufacturing is distinguished by:

(i) A complex machine technology that allows for extreme specialisation and division of labour in order to produce more goods with less effort and at a lower cost.

(ii) Large capital

(iii) Large corporations

(iv) Government bureaucracy