1887

n IMIESA - Economies of scale in construction

USD

 

Abstract

To quote The Economist's definition, "Economies of scale are factors that cause the average cost of producing something to fall as the volume of its output increases." Henry Ford, with his manufacturing production line for the Model T Ford, was the first real example of a factory using mass production to achieve economies of scale. Since then, almost every factory around the world has adopted this approach. More is less, and of benefit to the consumer.

Loading

Article metrics loading...

/content/imiesa/41/6/EJC190139
2016-06-01
2016-12-06
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error