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Globalisation And Social Change

Question
CBSEENSO12045034

In what way 'Fordism' influenced by the production and marketing of goods?

Solution

Fordism refers to a system of production made popular by the American industrialist Henry Ford in the early part of 20th century. Ford popularized the assembly line method of mass production of a standardized product (cars). This age also led to payment of better wages to the workers and social welfare policies being executed by both industrialists and the state.