Small-scale Manufacturing
Definition
The production of goods on a small scale, often involving manual labor and low levels of automation. It typically involves fewer employees and lower volume of sales than large-scale manufacturing.
Analogy
Imagine baking cookies for your family versus baking cookies for an entire city. Small-scale manufacturing is like baking just enough cookies for your family - you're producing less but can pay more attention to detail.
Related terms
Artisanal Production: The process by which skilled craftsmen create goods by hand rather than using machines or automated processes.
Mass Production: The manufacture of large quantities of standardized products often using assembly lines or automated technology.
Economies Of Scale: The cost advantages that businesses obtain due to size, output, or scale of operation.
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