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In Labor Studies, Define "Fordism"

In Labor Studies, Define "Fordism"

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Fordism refers to the system of mass production and consumption characteristics of highly developed economy during the 20th century (1940s-1960s).

The concept is named for Henry Ford. The Fordism system of mass production was pioneered by the Ford Motor Company.

This system is used in social, economic and management theory about production, working conditions, consumption and other related phenomenas. Under Fordism mass consumption combined with mass production to produce sustained economic growth and widespread material advancement  

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