Final answer:
Mass Customization leverages advanced manufacturing techniques to offer personalized products while maintaining the efficiency of mass production.
Step-by-step explanation:
The production systems that use computer-integrated systems and rapid prototyping technologies to combine the flexibility of individual customization with the low costs of continuous production are known as Mass Customization. This approach utilizes advanced manufacturing methods including computer-integrated manufacturing (CIM), rapid manufacturing, and the deployment of robotics to ensure precision and efficiency. Enhancements in technology have led to a shift towards an information economy, where information and creativity are valuable commodities, and traditional physical products are increasingly supplemented or replaced by digital offerings.