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Modern manufacturing is characterized by: -

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Question

Modern manufacturing is characterized by:

Options

  • 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

MCQ

Solution

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

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Manufacturing
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