Efficency and Economies of scope in regulated economy
...a single-product firm!
It depends on the state of mind of the people who do the industry and grow the crops. It's their state of mind and animists that dictates the growth of economies. Apprehensiveness and reluctance to branch out a company's scope of productivity has affected industries and the economy in varying ways.
The nature and scope of microeconomics is specified to a particular economy. This means that it does not focus on too much risk as compared to macroeconomics which looks at the entire economy.
The scope is what all you are going to cover. It can be broad as in the economy, or smaller as in one business.
The dollar has been the dominant currency of the world economy for almost a century for a singleoverwhelming reason: It had no competition. No other economy came close to the size of the UnitedStates. Hence no currency could acquire the network externalities, economies of scale and scope, andpublic goods benefits necessary to rival the dollar at the global level.1 A similar situation for the UnitedKingdom explains sterling's dominance in the 19th century.
John Neville Keynes has written: 'The scope and method of political economy' -- subject(s): Methodology, Economics 'Scope and Method of Political Economy' 'Studies and exercises in formal logic, including a generalization of logical processes in their application to complex inferences' -- subject(s): Logic 'The scope and method of political economy' -- subject(s): Accessible book, Economics, Methodology
The dollar has been the dominant currency of the world economy for almost a century for a single overwhelming reason: It had no competition. No other economy came close to the size of the United States. Hence no currency could acquire the network externalities, economies of scale and scope, andpublic goods benefits necessary to rival the dollar at the global level.1 A similar situation for the UnitedKingdom explains sterling's dominance in the 19th century.
The monetary economy is that part of a society's economic system where products and services are traded in exchange for money. A monetary economy stands in contrast to an economy based on bartering (called barter economy) or to an economy where goods are not traded, i.e. where the goods are produced and consumed by the same households (closed household economy). These two types of economies are said to be non-monetary economies. I define monetary economics to be the study of the causes and economic consequences of the monetization of exchange -- that is, of the use of media of exchange. These definitions lead me to specify the distinctive objective of monetary economics to be to understand: (1) the monetization of exchange and its relation to the technologies of production and of exchange, (2) the form that money takes and, especially, the viability of fiat money, (3) the determination and significance of the real value of units of money, and (4) the relation between the nominal quantity of money and aggregate economic activity.
Iran want to build nuclear reactors to produce electricity.The scope is an economy of fossil fuels.
Yes.
The scope of an electro technical officer(ETO) in merchant navy restricts ETO offers to monitoring all electronic and electrical equipment that is onboard to ensure efficiency and the operational safety of the vessel.
Independent economy and independent villages.A lot of scope to artisans to develop himself and sufficient income by the way of grain not money.Services gives to the people immidiately due to the affection and love not for the business.