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While mass production is hyped up to be incredibly cheap, that is only one phase of it. The most expensive stage is the building stage. For example, when Henry Ford built his factories. He had to finance the construction. He had to research the assembly line. He had to figure out mass production. He had to purchase all of the materials needed.
This step is what can stop many small companies simply because they don't have enough capital to get started on mass production.

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Mass production is a common methodology used today. Mass production is the most economical way to produce max goods with minimal costs.
Companies use this to have lots of stock to sell to large amounts of customers. However, in some cases even mass production can't keep up with supply and demand.

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Mass production is a manufacturing methodology here to stay for the future. Mass production is the most efficient way to produce goods in large quantities, with minimal overhead costs. Companies are always looking to maximize profits. With mass production, they can reach more consumers because they have more product to sell, and selling more means gaining more money.

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Mass production is a concept that will most likely be to stay. Since it allows the most efficient method of making products with lesser costs, it's going to hang around for awhile.
Manufactors have a goal of maxium profit. Mass production allows for that to happen. Like stated eariler, it's cheaper to make products in large quanites

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Planning is a key concept in mass production. Everything is designed to work at maximum efficiency. Too much, and everything must go faster, causing burn/wear out. Too little, and the effectiveness and cost-effectiveness goes up and down respectively.

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Henry Ford, the owner of Ford Motor Company, was the first person to invent and use this method of production. He used it to rapidly produce Model T Fords. With this method, he was able to lower overhead costs, therefore allowing more consumers to purchase it and making more profit.

Ford considered it an "Industrial Revolution". It was also a social one. Ford was able to pay his employees $5 a day. That is about $529 more than the average wage in 1913.

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Mass Production is a system of manufacturing that involves production first, and filling and selling orders second.
Before mass production, stores would not be stocked with various products. Instead, it would be like a marketplace with craftsmen (Tim Hindle, node 14299820).
It is based on the principles of specialization and division of labor.

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Mass production allows for the rapid and economical creation of goods in large amounts. It allows manufacturers to lower overall costs, save money, and serve more customers

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Aerial America. The Birth of Mass Production in America. D.C.: Smithsonian Channel, 19 Mar. 2012. Video.  http://www.smithsonianchannel.com/videos/the-birth-of-mass-production-in-america/21049

Encyclopedia.com, ed. "Mass Production." Dictionary of American History. Encyclopedia.com, 2003. Web. 23 May 2016.

Hindle, Tim. "Mass Production." The Economist. The Economist Newspaper, 2009. Web. 23 May 2016.

Mass Production Word Cloud. Internet: 123RTF, Jan.-Feb. 2013. JPG.

Wikipedia Contributers. "Mass Production." Wikipedia. Wikimedia Foundation, 22 May 2016. Web. 23 May 2016.

Tanenbaum, Morris. "Mass Production." Encyclopedia Britannica Online. Encyclopedia Britannica, 2016. Web. 23 May 2016.

"The Evolution of Mass Production." The Evolution of Mass Production. Ford Motor Company, 2016. Web. 23 May 2016.

Thomson, Fred. "Mass Production." Mass Production. Willamette University. Web. 23 May 2016.
Mass Production of Automobiles. World Wide Web: Wikinut, 2015. JPG.
"Thinklabs ONE - Digital Stethoscope." Thinklabs ONE - Digital Stethoscope. Thinklabs ONE, n.d. Web. 30 May 2016.

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A methodology of manufacturing