Economies and Diseconomies of Scale A case for McDonalds & Movie Theaters By Michele Tarrence Econ 202 Economies of scale are defined as ‘forces that reduce a firm’s average cost as scale of operation increases in the long run. The opposite of this would be diseconomies of scale‚ meaning ‘forces that may eventually increase a firms average cost as the scale of operation increases in the long run. Most every company has both the economies and diseconomies of scale that can be analyzed
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Survey on Current State of Economy January 2013 -2FICCI Survey on Current State of Economy‚ January 2013 Highlights The global economic situation continues to be difficult. Economic situation in both US and Euro area remains uncertain. U.S. gross domestic product shrank 0.1% in the fourth quarter of 2012—the worst performance since 2009. Wednesday’s Federal Open Market Committee statement acknowledged that economic activity paused in recent months‚ but there was no change to monetary policy.
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Mixed economy Features 1. Co-existence of public and private sectors: Both public and private enterprises exist in this economic system. The role and areas of both the sectors arc well defined. The relative roles assigned to the public and private sector differ from economy to economy. But generally the public sector is expected to perform certain basic functions such as: (i) Development of economic infrastructures. (ii) To promote basic industries that require huge investment and are of
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(NAFTA)‚ it remains a tangential concern‚ and the presumption is often made that economic - growth and economic liberalization (including the liberalization of intemational trade) are‚ in some sense‚ good for the environment. This notion has meant that economy-wide policy reforms designed to promote growth and liberalization have been encouraged with little regard to their environmental consequences‚ presumably on the assumption that these consequences would either take care of themselves or could be dealt
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always pursues one individual‚ his lover Daisy from five years ago. The green light exemplifies Gatsby’s single goal and dream. Considering Gatsby has spent the last five years being a very successful bootlegger‚ to get Daisy to be his would be Gatsby’s American Dream and his token to his success. The American Dream for Daisy however consists of having a materialistic lifestyle and wealth. Fitzgerald uses the motif of the green light to emphasize the relationship between Daisy and Gatsby in order to
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Assignment Green party is a political organization which has grown year by year since 20 years ago. Green party formed in 1984. At that time the name of corporation was “the Committees of Correspondence”. They changed the name of their party to Green Committees of Correspondence in 1989. Finally‚ in 1991 the group name became Greens/Green Party USA. The Green‘s platform is organized in a direction which gives the priority to environment. Greens believe that in order to have a green land and healthy
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as in market economies‚ and you cannot increase it all that much by working harder or innovating new technology. The only path to better lifestyle is joining the ruling elite‚ or stealing from the system and otherwise entering the black market. The reason that standard of life does not grow so fast is that there is no innovation‚ and that is b/c innovation means taking a risk‚ and "equal-reward" approach means that rewards are not enough to justify the risk.’ Planned Economy In a planned
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different answers: command economies directed by a centralized government‚ and market economies based on private enterprise. Today‚ in the last decade of the 20th century‚ it is clear that‚ for people throughout the world‚ the central‚ command economy model has failed to sustain economic growth‚ to achieve a measure of prosperity‚ or even to provide economic security for its citizens. Yet for many‚ the fundamental principles and mechanisms of the alternative‚ a market economy‚ remain unfamiliar or
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China from Indian Services Success Story 20 4.Shortcoming of Indian Economy compared to China 20 4.1.Problems of skipping the Industrial revolution 21 4.2.GR-2-SER (Green Revolution – II to Services) 24 4.2.1.Advantages 25 4.2.2.Disadvantages 25 4.2.3.Green Revolution – 2 26 4.3.GR-2-MAN-2-SER (Green revolution to manufacturing to Services) 27 4.3.1.Advantages: 28 4.3.2.Government policies 28 4.4.GR-2-MAN-SER (Green revolution – II to Manufacturing and Services): 29 4.4.1.Advantages 29
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focuses on two systems of economy‚ that is Market economy and Command economy. Basically there are four types of economy: Traditional Economy: As the word says‚ Traditional economy is an economic system in which traditions‚ customs and beliefs of the economy guides the production of goods and services. Command Economy Command economy is a system in which government plays a major role in taking the production decision for goods and services in the economy. Market Economy Under this system‚ goods and
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