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What are the differences between the 3 economies?

That depends on what three 'economies' you are talking about.


What is the difference between increasing returns to scale and economies of scale in terms of their impact on production efficiency and cost savings?

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.


What was a major change experienced by European economies between the feudal period and the Commercial Revolution?

international trade became more important to european economies


What is the meaning of economies of product differences?

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.


What kind of taxes the laissez faire economies recommend?

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

Related Questions

How did the American revenue act affect the relationship between England and the colonies?

How did the American Revenue Act affect colonial economies?


In the tempest how are views about colonial imperialism expressed?

The relationship between the island's natives and visitors gives insight into the negatives of colonial Imperialism.


Inter group relationship during pre colonial era?

Inter-group relationship of pre-colonial era between Hausa, Igbo, Yoruba.


What was the relationship between colonizing countries and their colonies?

The colonizers used the resources of their colonies to grow their own economies.


What is the relationship between colonizing countries and their colonies?

The colonizers used the resources of their colonies to grow their own economies.


What was the relationship between England and Burma prior to colonization?

Britain was the colonial power


Explain the difference between diminishing return of scale and economies of scale Provide examples if necessary diminishing return of scale?

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.


What were the relationship between black people and Indians during the colonial period?

In my African American History book it says "The relationships between black people and Indians during colonial times were complex".


What are the differences between the 3 economies?

That depends on what three 'economies' you are talking about.


What principle of colonial government defines the relationship between the people and establishes rules to help people get along?

Representative Government.


What is true about the relationship between British policies in the colonies and the Declaration of Independence?

The Declaration listed colonial complaints about many British policies.


How are africans working to improve their economies and social conditions?

i think it is a brithis economies between european.