Fordism

English

Etymology

Ford + -ism, named after American industrialist Henry Ford (1863–1947).

Noun

Fordism (uncountable)

  1. An economic and social system based on industrial mass production, where the worker is paid relatively high wages in order to buy in large quantity the products turned out in mass production.

Translations

Anagrams

This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.