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  2. Expansion path - Wikipedia

    en.wikipedia.org/wiki/Expansion_path

    A curve connecting the tangency points is called the expansion path because it shows how the input usages expand as the chosen level of output expands. In economics , an expansion path (also called a scale line [ 1 ] ) is a path connecting optimal input combinations as the scale of production expands. [ 2 ]

  3. Organizational life cycle - Wikipedia

    en.wikipedia.org/wiki/Organizational_life_cycle

    Shortly after, Mason Haire was among the initial researchers [13] who suggested that organisations may adhere to a certain path of uniformity in their course of expansion. [ 14 ] Subsequently, research has been done on the organizational life cycle for more than 120 years [ 10 ] and can be found in various literature on organizations . [ 15 ]

  4. Indifference curve - Wikipedia

    en.wikipedia.org/wiki/Indifference_curve

    The line connecting all points of tangency between the indifference curve and the budget constraint as the budget constraint changes is called the expansion path, [11] and correlates to shifts in demand. The line connecting all points of tangency between the indifference curve and budget constraint as the price of either good changes is the ...

  5. Theory of the firm - Wikipedia

    en.wikipedia.org/wiki/Theory_of_the_firm

    In Barzel (1982)’s theory of the firm, drawing on Jensen and Meckling (1976), the firm emerges as a means of centralising monitoring and thereby avoiding costly redundancy in that function (since in a firm the responsibility for monitoring can be centralised in a way that it cannot if production is organised as a group of workers each acting ...

  6. Business cycle - Wikipedia

    en.wikipedia.org/wiki/Business_cycle

    An expansion is the period from a trough to a peak and a recession as the period from a peak to a trough. The NBER identifies a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production".

  7. Economic expansion - Wikipedia

    en.wikipedia.org/wiki/Economic_expansion

    An economic expansion is an upturn in the level of economic activity and of the goods and services available. It is a finite period of growth, often measured by a rise in real GDP , that marks a reversal from a previous period, for example, while recovering from a recession .

  8. Economies of scale - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scale

    If the firm is a perfect competitor in all input markets, and thus the per-unit prices of all its inputs are unaffected by how much of the inputs the firm purchases, then it can be shown that at a particular level of output, the firm has economies of scale if and only if it has increasing returns to scale, has diseconomies of scale if and only ...

  9. Income–consumption curve - Wikipedia

    en.wikipedia.org/wiki/Income–consumption_curve

    In economics and particularly in consumer choice theory, the income-consumption curve (also called income expansion path and income offer curve) is a curve in a graph in which the quantities of two goods are plotted on the two axes; the curve is the locus of points showing the consumption bundles chosen at each of various levels of income.