Assembly line

Updated: Aug 20, 2021

A device moving a good being produced, for example, a car, past a sequence of workers or machines. As it passes each work-station, a particulcir task is performed. Tasks may include adding components, working components already in place, or checking the work of earlier stages. Assemblyline production allows economies of scale, by keeping down the time needed to move workers or machines from one task to another.

Reference: Oxford Press Dictonary of Economics, 5th edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.