1. Cost efficiency: Mass production allows for economies of scale, resulting in lower production costs per unit.
2. Increased productivity: Mass production methods are often more efficient and streamlined, leading to higher output levels.
3. Consistency in quality: With standardized processes and equipment, mass production can ensure consistent quality in the final products.
4. Faster production times: Mass production methods can significantly reduce the time it takes to produce large quantities of goods.
5. Innovation and technological advancements: Mass production often drives innovation and the development of new technologies to improve production processes.
Disadvantages of mass production:
1. Lack of customization: Mass production typically involves producing large quantities of identical products, limiting the ability to customize products for individual customers.
2. Environmental impact: Mass production can lead to increased waste and pollution, as well as the depletion of natural resources.
3. Worker exploitation: Mass production can lead to poor working conditions, low wages, and job insecurity for workers in factories.
4. Reduced product variety: Mass production can limit the variety of products available to consumers, as companies focus on producing a few popular items in large quantities.
5. Vulnerability to disruptions: Mass production systems can be vulnerable to disruptions in the supply chain, such as shortages of raw materials or equipment failures, which can lead to delays and increased costs.