This document discusses key terminology related to limits, fits, and tolerances in manufacturing. It defines terms like basic size, actual size, limits of size, tolerance, and deviations. It describes three main types of fits - clearance fit, interference fit, and transition fit. Mass production is defined as manufacturing a part in large numbers, which reduces time and costs but requires special tools and machines. Interchangeability is important for mass production so identical parts can be assembled without issues. The document also explains hole basis and shaft basis systems for specifying fits.