The technology of production is essentially 'the way we do things' with a direct impact onthe amount and cost of capital and labor and result in the technological feasibility of input substitution.An example of the Ford Motor Company in which changes in production technology and the substitution of capital for labor. Ford introduced the assembly line technology, which utilized an assembly line set-up with specialized labor along the production line, resulted in much less time and cost required to assemble an individual automobile.