For example, private enterprises and individuals own most of the factors of production under capitalism. However, collective good is the predominating principle under socialism, at least in theory.

CTO Jake Felser says that the system costs around $150,000 and that the payback period is in the range of two to three years with typical lettuce production levels and sales at $3/head.

Example of Mass Production . ... Creating a mass production system can be expensive to set up and even more expensive to alter if changes need to be made after the production has already started.

The Toyota Production Systems Lab provides hands-on education in state-of-the-art production systems. Particular emphasis is placed on teamwork, problem solving, and process improvement by studying ...