Producers or companies seek an economy of scale because by doing so it tends to dominate the market for certain products. When this happens, a natural monopoly is created and profits are enhanced.
Equilibrium and economies scale in market economy
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.
Role of large scale industry?
no
a
Scale efficiency is the potential productivity gain from achieving optimal size of a firm
Equilibrium and economies scale in market economy
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.
A DBMS delivers economy of scale because it is optimized for processing large amounts of data.
Small scale livestock production is not only a source of income but can also be an enjoyable lifestyle or hobbie. Many people choose to buy meat from small scale producers because of the quality meat which comes from free range animals raised on the farms. Most small scale farmers are an ideal example for all meat producers and provide quality alternatives to factory farmed meats. Small scale farmers often produce meats not usually seen in a normal grocery, such as goat. These meats can be appealing to people who are culturally or religiously obligated. Small scale producers often sell to people interested in kosher meat products as well.
help to look for markets of small scale producers
Role of large scale industry?
no
it is a scince
a
what sort of individuals and/or organisations would be interested in South Africa's ranking on the international competitiveness scale
economy of scale