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Scaling is regarded the last step after the discovery, proof of concept and piloting of an innovation. In business it is often used as maximizing operational scale of the product. [1] This technology, or project-focused scaling takes products and services as the point of departure and wants to see those to go scale.
Some criticize industrial policy based on the concept of government failure.Industrial policy is seen as harmful as governments lack the required information, capabilities, and incentives to successfully determine whether the benefits of promoting certain sectors above others exceeds the costs and in turn implement the policies. [29]
On this definition a political entrepreneur is a business entrepreneur who seeks to gain profit through subsidies, protectionism, government contracts, or other such favorable arrangements with government agents through political influence and lobbying (also referred to as corporate welfare).
One definition for software systems specifies that this may be done by adding resources to the system. [1] In an economic context, a scalable business model implies that a company can increase sales given increased resources. For example, a package delivery system is scalable because more packages can be delivered by adding more delivery vehicles.
A scaleup company or just scaleup is a company that already has a profitable and scalable business model and grows above 20% in either turnover or number of employees over a three-year period. [1] A scaleup can be identified as being in the "growth phase" life-cycle in the Millers and Friesen life cycle theorem , [ 2 ] or the "Direction phase ...
The concept of diseconomies of scale is the opposite of economies of scale. It occurs when economies of scale become dysfunctional for a firm. [ 1 ] In business, diseconomies of scale [ 2 ] are the features that lead to an increase in average costs as a business grows beyond a certain size.
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Mandatory spending plays a large role in larger fiscal trends. During economic downturns, government revenues fall and expenditures rise as more people become eligible for mandatory programs such as Unemployment Insurance and Income Security programs. This causes deficits to increase or surpluses to shrink.