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Difference between returns to scale and constant return to scale?

differentiate between returns to scale and constant return to scale


What are the Types of Returns to scale?

Economies of scale (costs decrease), diseconomies of scale (costs increase), constant returns to scale (costs stay the same)


Define constant returns to scale?

My loose definition of constant returns to scale:Constant returns to scale occur when a given increase in output is brought about by the same proportional increase in returns.


What is the law of returns to scale?

THE LAW OF RETURNS TO mean that law in which we study about the different period of the production in which increasing , decreasing , and constant returns to scale is studied


What are the examples of large scale industry?

example of large scale industry


Why does the industry use explsion welding?

I am not aware of anyone using that method on industrial scale


How many types of industries are there?

There are three types of industry. They are cottage and small-scale industry medium and large-scale industry tourist industry


How small scale industry help large scale industry?

it provies raw materials for other large scale industries


What is the difference between a cottage industry and a small-scale industry?

A cottage industry is even smaller than a small scale industry. For example weaving at home and selling is a cottage industry while a small scale industry is lesser in technology and capital than a large scale industry but is bigger than a cottage industry.


What are the Advantages of large scale industry in Nigeria?

In large scale industry the goodes will get in cheap rate


How do i start a large scale industry?

You can start a large scale industry if you have adequate financial outlay.


What is large scale industry and what are the problems of large scale industry?

huge profit then large competitions ect.....