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Explain the term economics of scale and state the internal and external economics?
Wiki User
∙ 14y ago
i think you are refering to economies of scale, which is the reduction in unit costs due to an increase in size in the firm. these cost reductions may come in many areas, such as bulk buying. the more you buy the cheaper it is. this is also linked to dis-economics of scale, which is increased costs due to the large nature of a firm.
Wiki User
∙ 14y ago
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How can the nnpc achieve internal economies of scale?
They cant
How does nnpc achieve internal economics of scale?
How does nnpc achieve internal economics of scale
What is internal economy of scale?
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
What are the sources of economies of scale?
The economies of scale attainable from large scale production fall into two categories. Internal and External.
Definition of internal economies of scale?
In internal economics, sheela and munni fight together to reached to the status of chickni chambeli.. :D
Explain 6 major sources of internal economies of scale?
6 major sources of internal economies of scale are bulk buying, practical scale, processing, real world, these are some of the steps.
What the different parts of vernier caliper?
Internal and external jaws. Locking screw. Scale. Depth gauge.
What are four internal diseconomies of scale?
what are the internal diseconomics of scale operation what are the internal diseconomics of scale operation
What are the differences between internal and external economies of scale?
AnswerEconomies of scal occurs when there is an increase in output as cost decreases. This means, as a company will have a better chance to decrease its costs. There are two ways of achieving this, internal and external economies of scale. Internal economies of scale occurs due to the change in size of an individual firm and are not dependant on the industry as a whole. This can be achieved in two ways. 1) Firm level 2) Plant level.External economies of scale occurs due to a growth in the industry as a whole. The individual firms need not grow, however the entire industry around them does.
What are the 2 major divisions of economics?
The two major divisions of economics are microeconomics and macroeconomics. Microeconomics refers to economics on an individual scale, such as a home or business. Macroeconomics refers to economics on a much larger scale, such as a region, nation, or even the entire world, depending on which you want to study.
Likert scale questionnaire for measuring internal and external locus of control by Julian Rotter?
Assessment could include statements reflecting beliefs about control over one’s life (internal locus) and control by external forces (external locus). Participants rate their agreement on a scale from strongly disagree to strongly agree, indicating their perception of control. Scores are analyzed to determine the degree of internal versus external locus of control in individuals.
What is economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
