Question

Which option is an example of labor as a factor of production?

Answer 1

A. An industrial assembly line

Henry Ford, the creator of the Model-T Ford and founder of the Ford company, created the industrial assembly line as a result of scientific management, which is known as Taylorism. Ford wanted to have his cars affordable to everyone, so he created a system where a manual laborer would specialize in a specific form of work in the production of it, which would thus make the product cheaper. However, like any other tactics that were promoted by scientific management, it made manual laborers more replaceable and were given even less wage.

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