Employers provided housing and health care.
Fordism definition-
Fordism may be described as “a fixed of ideas that consists of technological measures, specially mass manufacturing at the meeting line, in addition to monetary techniques which includes helping mass intake through reducing expenses and growing wages”
Importance of Fordism -
- Fordism delivered the idea that manufacturing may be finished in big quantities, at a low fee and at general levels. In addition, a agency may be in a function to pay aggressive wages to its employees.
- It is a version that expands the financial system and additionally contributes to improvement in phrases of technology.
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