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Mass Production

Categories: Company Management

The Pope did this in the 12th century. And then factories did it in the Industrial Revolution. But yes, that's a different story.

In this sense, "mass" refers to "lots." Like...14 million Pez dispensers made in a day, by robots, via three tons of plastic.

Mass is millions. Mass is "so many that if 17 of these fell off a delivery truck, we still wouldn't even notice." Mass is also all about scale economics...by virtue of producing so many of a thing that the cost of each individual items is just, um, ungodly cheap.

Find other enlightening terms in Shmoop Finance Genius Bar(f)