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
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.
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.
A DBMS delivers economy of scale because it is optimized for processing large amounts of data.
help to look for markets of small scale producers
Yes, consumers and producers can often be the same people, especially in contexts like small-scale farming, crafts, or DIY projects, where individuals grow or create goods for their own use as well as for sale. In the digital economy, many consumers also become producers by creating content or products for platforms like social media, Etsy, or YouTube. This dual role blurs the lines between consumption and production, making individuals active participants in the economy.
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
Economies of scale.