Source: Department of National Planning Inflation refers to a persistent rise in the general price level. Inflation in the Maldives is measured by the Consumer Price Index (CPI). The CPI shows …
Growth of Firms Meaning of firm Reasons for growth and ways to grow Integration and its types Economies of Scale Meaning Relationship with average cost Types of Economies of Scale (intern…
What is a firm? A firm is a unit of management trading under a particular name. It is a decision making production unit. An industry is made up of all those firms producing the same commodity. Why …
What is a firm? A firm is a unit of management trading under a particular name. It is a decision making production unit. An industry is made up of all those firms producing the same commodity. …
Economies of Scale Economies of scale refers to the fall in long run average cost of the firm due to expansion of its scale of production. This is concerned with monetary or economic benef…
Diseconomies of Scale This is just opposite to economies of scale. Actually economies of scale cannot continue to exist for a long period of time. After optimum level too much of expansion will …
How do we measure the size of firms? The size of the firm is measured on the basis of the following criteria. The number of employees The value of the capital employed The value of th…
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