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How does nnpc achieve internal economics of scale?
How does nnpc achieve internal economics of scale
What is called in economics that are meant to skills and talent in economics?
fifhr sins
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.
Explain the term economics of scale and state the internal and external economics?
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.
Definition of Scale of preferences in economics?
it is to give gives priorities among to wants
What does the writer mean by diseconomies of sale?
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
Relationships between microeconomics and macroeconomics?
The main relationship between microeconomics and macroeconomics are that they are both studies of economics and they both deal with economic factors. Microeconomics deals with economics on a small scale and is broken down into smaller, more individual areas. Macroeconomics deals with economics on a larger scale and focuses on economic factors overall.
What is meant by the phrase Austrian Economics?
What is meant by the phrase Austrian Economics is the way economists look at the market. Carl Menger , the founder of the Austrian School, spelled out the subjective basis of economic value and showed how money originates in a free market.
What are the basic concepts of economics?
Economics involves the interactions in society involving finances. Namely, economists study how the monetary value of items changes over time based on outer effects like the supply of resources and the demand of consumers.
What is meant by skewed?
In economics it would mean that the results have had a bias put on them, that is, distorted ... usually intentionally.
What has the author G C Nunziante written?
G. C. Nunziante has written: 'Economics of scale in agriculture'
What economist introduced economies of scale?
Economies of scale theories have been used for many years after being first introduced by Adam Smith, who is often referred to as the father of economics.
