it was very good.
That depends on what three 'economies' you are talking about.
Increasing returns to scale refer to a situation where a company's output increases at a faster rate than its inputs, leading to lower average costs and higher efficiency. Economies of scale, on the other hand, occur when a company's average costs decrease as it produces more units. Both concepts result in cost savings and improved production efficiency, but increasing returns to scale focus on the relationship between output and inputs, while economies of scale focus on the relationship between production volume and costs.
international trade became more important to european economies
The meaning of economies of product differences... The greater the difference in products produced by two economies the greater the economic efficiency to be obtained from trade between the two as per the theory of comparative advantage.
Laissez faire economies are known to be an extreme case of market economies where the state cannot intervene in transaction between private parties, not even for taxation purposes...... there are no taxes
How did the American Revenue Act affect colonial economies?
The relationship between the island's natives and visitors gives insight into the negatives of colonial Imperialism.
Inter-group relationship of pre-colonial era between Hausa, Igbo, Yoruba.
The colonizers used the resources of their colonies to grow their own economies.
The colonizers used the resources of their colonies to grow their own economies.
Britain was the colonial power
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
In my African American History book it says "The relationships between black people and Indians during colonial times were complex".
That depends on what three 'economies' you are talking about.
Representative Government.
The Declaration listed colonial complaints about many British policies.
i think it is a brithis economies between european.