Manufacturing
takes turns under all types of economic systems. In a free market economy,
manufacturing is usually directed toward the mass production of products for
sale to consumers at a profit. In a collectivist economy, manufacturing is more
frequently directed by the state to supply a centrally planned economy. In free
market economies, manufacturing occurs under some degree of government
regulation. Modern manufacturing
includes all intermediate processes required for the production and integration
of a product's components. Some industries, such as semiconductor and steel
manufacturers use the term fabrication instead.
No comments:
Post a Comment