Why Is Mass Production And Interchangeability Important

Why is mass production and interchangeability important?
Standardization and machine production while one machine was making one part other machines could be making others parts, and by using an assembly line great qualities of the finished product could be turned out by merely assembling the proper parts. Thus standardization led to mass production, the use of standardized parts to construct great quantities of a product on a assembly line, it doesn't pay to hake large amount of a product if they cannot be sold. When the market is large enough, the use of standard interchangeable parts makes mass production possible and substantially reduces costs. Mass production is possible and machine can be employed to produce thousands or hundreds of thousands of units, the portion of the visit that must be charged to each unit be ones small or even negligible. It is them pays to use a machine in place of human labor whenever one can be devised to perform a necessary operation.

List three recent technological innovation and describe how they have impacted your life?
Personal computer has impacted my everyday tremendously, before I had a personal computer I used to have write and letters, put in the envelopes and mail it.
However, these day I just email instead of writing letters. Online banking has provides me with the comfort of own home and personal computer. I can check account balances and review other account information any time of the day or night, and going paper less by helping saving the environment. Mobile phone has a great impact on my life mobile phones have made it a lot easier for me to stay in touch with my friend and family, and has made it easier to plan and schedule my daily routine, and to be productive while doing things like sitting in traffic or waiting in
line.
Describe the relationship between globalization and technology?
Technology is generally associated with specialization and increase trade allows individuals and companies experiencing a technological change to become better. Trade allows companies to take advantage of economies of scale-the bigger firms production facilities the lower its per unit costs of the good. If a company can produce something more cheaply, it can out-compete other firms and hence make enormous profits. With those profits, it can spend more on research and development and gain even more of the market, as long as other firms cannot duplicate that technology quickly. When this happen internationally, it falls under the heading globalization the integration of world economies. Globalization has been occurring at a fast rate in recent years, and traditional all societies are often shaken by change, as less expensive goods come in from more technologically advanced countries. Technology also affects traditional societies in another way. Firms are always looking for cheaper ways to produce goods. Another aspect of globalization involves the movement of production facilities and technology from one economy to another