Noun
Fordism (uncountable)
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.
Contemporary capitalist production is characterized by a series of passages that name different faces of the same shift: from the hegemony of industrial labor to that of immaterial labor, from Fordism to post-Fordism, and from the modern to the postmodern. Antonio Negri
His scheme was met with criticism and scorn from French politicians and industrialists, although they were favorable to the ideas of Taylorism and Fordism underlying his designs. Source: Internet
Both supporters and critics insisted that Fordism epitomized American capitalist development, and that the auto industry was the key to understanding economic and social relations in the United States. Source: Internet
Nolan p. 31. Germans who discussed "Fordism" often believed that it represented something quintessentially American. Source: Internet
He is credited with " Fordism ": mass production of inexpensive goods coupled with high wages for workers. Source: Internet
The combination of high wages and high efficiency is called " Fordism ", and was copied by most major industries. Source: Internet