• Economies of Scale is the reduction in per unit cost of production as more of an output is produced.
• The decrease in the marginal cost of production as a plant's scale of operations increases.
Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...
A happy person is not a person in a certain set of circumstances, but rather a person with a certain set of attitudes. - Hugh Downs
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