"Fordism" Is a Term Used to Describe

question 1

Multiple Choice

"Fordism" is a term used to describe:

• A) the way a factory making cars works
• B) a means whereby production is stimulated by paying workers more so they can buy what they produce
• C) assembly-line production
• D) consumer capitalism

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Definitions:

Government Transfers

Payments made by the government to individuals, households, or companies which do not require repayment, including welfare benefits, subsidies, and grants.

Income Inequality

The unequal distribution of income within a population, leading to economic disparity between the richest and poorest individuals.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization.

Income Inequality

The unequal distribution of income among members of a society, where wealth is concentrated in the hands of a few while a significant portion of the population lives in poverty.