The scale effect indicates what happens to the demand for the firm's inputs as the firm expands production. As long as capital and labor are "normal inputs," the scale effect increases both the firm's employment and capital stock.
How does nnpc achieve internal economics of scale
effect of isocost
macro economics
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
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.
How does nnpc achieve internal economics of scale
effect of isocost
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.
'Economies of scale' means a proportionate amount of savings accruing from increased productivity.
teaching economics as a subject
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.
it is to give gives priorities among to wants
effect of cash management on small scale industries
macro economics
Generally, it's better economics.
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
In economics, the learning effect is the process by which education increases productivity and results in higher wages.