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Before the Industrial Revolution, the nature of capitalism was much smaller in scale. A person may have gained wealth through owning shipping companies, or printing presses, or blacksmith shops. Industrialization allowed for mass production, and no longer the need for specialization. The economies of scale also made the post Industrial Revolution magnates far more wealthy.
Donald J. Lecraw has written: 'Economies of scale in Canadian manufacturing' -- subject(s): Economies of scale, Industrial Costs, Manufacturing industries 'Voluntary standards as a regulatory device' -- subject(s): Industrial policy, Standardization, Trade regulation
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
Cotton production and distribution in India before the industrial revolution was done in large-scale.
Internal economies of scale arise when the cost per unit
Cite and briefly discuss the main determinants of economies of scale.
Equilibrium and economies scale in market economy
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
Before the Industrial Revolution, the nature of capitalism was much smaller in scale. A person may have gained wealth through owning shipping companies, or printing presses, or blacksmith shops. Industrialization allowed for mass production, and no longer the need for specialization. The economies of scale also made the post Industrial Revolution magnates far more wealthy.
The economies of scale attainable from large scale production fall into two categories. Internal and External.
it is called the industrrial "revolution" in a loose sense. a revolution usually occours when a lower class rises up against a higher class. it is still called a revolution though because it was a period of great change but it still wasnt rly a revolution
no