Decision making is decentralized and rests with the homeowners of the components of manufacturing. Their decision making is coordinated by the market, which supplies the mandatory info. Socialists additionally assert that free-market capitalism leads to an excessively skewed distributions of…
Tag: system
The Manufacturing Facility System
Industrialization led to the creation of the manufacturing unit, and the manufacturing facility system contributed to the expansion of city areas as massive numbers of workers migrated into the cities looking for work within the factories. One of the best-known…