although, many business do not need highly inflectional rate, but to survive different techniques is needed
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
Equilibrium and economies scale in market economy
trade, large scale retailers, small scale retailers, insurance, transportation, advertisement and bank documents.
retail malls will have a negative impact on the growth of small retailers but they will still continue to survive due to proximity from homes and customer relations,thus small retailers will continue to exist but on a small scale, so both organized and unorganized will co-exist.
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.
Small scale retailers are mainly private businesses. They are small, local businesses that are often referred to as mom and pop stores.
A DBMS delivers economy of scale because it is optimized for processing large amounts of data.
Role of large scale industry?
no
It increases the wages as the prices increase. This is so the worker is paid equally to the rise in inflation.
a
It increases the wages as the prices increase. This is so the worker is paid equally to the rise in inflation.
Consumption is the scale to measure the total ammount of goods bought for any one economy. There are various factors that affect it: - Prices. If prices are high then consumption will be low because consuming will use up a higher percentage of a person's income. - Inflation. If inflation is low but is rising, then people will want to buy more earlier, so that they get it for a cheaper price as opposed to having to pay for it when inflation is higher. The same applies but reversed when inflation is high but falling. - Taxes. If taxes are very high on goods then people may object to this and not buy goods out of protest or they may not be able to afford goods.