enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Economies of scale - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scale

    Economies of scale is related to and can easily be confused with the theoretical economic notion of returns to scale. Where economies of scale refer to a firm's costs, returns to scale describe the relationship between inputs and outputs in a long-run (all inputs variable) production function.

  3. Economies of scope - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scope

    Economies of scope are "efficiencies formed by variety, not volume" (the latter concept is "economies of scale"). [1] In the field of economics , "economies" is synonymous with cost savings and "scope" is synonymous with broadening production/services through diversified products.

  4. Minimum efficient scale - Wikipedia

    en.wikipedia.org/wiki/Minimum_efficient_scale

    Economies of scale refers to the cost advantage arise from increasing amount of production. Mathematically, it is a situation in which the firm can double its output for less than doubling the cost, which brings cost advantages. Usually, economies of scale can be represented in connection with a cost-production elasticity, Ec. [3]

  5. Localization and Urbanization Economies - Wikipedia

    en.wikipedia.org/wiki/Localization_and...

    Localization and Urbanization Economies are two types of external economies of scale, or agglomeration economies. External economies of scale result from an increase in the productivity of an entire industry, region, or economy due to factors outside of an individual company. There are three sources of external economies of scale: input sharing ...

  6. Returns to scale - Wikipedia

    en.wikipedia.org/wiki/Returns_to_scale

    In economics, the concept of returns to scale arises in the context of a firm's production function.It explains the long-run linkage of increase in output (production) relative to associated increases in the inputs (factors of production).

  7. Barriers to entry - Wikipedia

    en.wikipedia.org/wiki/Barriers_to_entry

    This makes scale economies an antitrust barrier to entry, but they can also be ancillary. [1] The per-unit cost will be lower in scale economies due to the spread of fixed costs to larger volumes, technology efficiencies and better supplier terms, therefore new entrants join the industry either on a large scale or at a cost disadvantage. [8]

  8. Economic globalization - Wikipedia

    en.wikipedia.org/wiki/Economic_globalization

    For these reasons and sometimes due to economies of scale, they can sometimes out-compete similar businesses in developing countries. This is a substantial issue in international agriculture, where Western farms tend to be large and highly productive due to agricultural machinery , fertilizer, and pesticides; but developing-country farms tend ...

  9. Socially optimal firm size - Wikipedia

    en.wikipedia.org/wiki/Socially_optimal_firm_size

    If only diseconomies of scale existed, then the long-run average cost-minimizing firm size would be one worker, producing the minimal possible level of output. However, economies of scale also apply, which state that large firms can have lower per-unit costs due to buying at bulk discounts (components, insurance, real estate, advertising, etc.) and can also limit competition by buying out ...