ECONOMIES OF SCALE When a firm moves from small scale to large scale production‚ the average cost of production of each unit falls. The reasons for which this happens are known as economies of scale – they are the benefits which result in the cost savings of large scale operations which come about when a firm expands. In other words‚ economies of scale are advantages reaped by firms engaging in large scale production. There are two types of economies of scale. They are: * Internal economies
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Human Sexuality 21 Professor Lanoix December 4‚ 2012 Pros and Cons of the Kinsey’s Scale Sex was such a horrible topic to talk about‚ but a biologist of Indiana University introduced a scale that broke the silence. The silence changed due to this biologist named Alfred C. Kinsey (1894-1956). Kinsey broke the silence because before the scale everyone would keep their sexual orientation to themselves and most likely did not tell anyone. In other words‚ he was a great influence to people because
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Sustainable Development‚ from Kyoto to Durban Germany vs. China Professor Frank Peng Chair of Economics Director of World Bank Studies School of Economics and Management Tongji University Shanghai December 16th‚ 2011 Table of contents Introduction.................................................................................................................. 1 From Kyoto to Durban ................................................................................................. 2 Kyoto
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MARXIAN THEORY OF ECONOMIC DEVELOPMENT Karl Marx is one of the few thinkers in History who has had an influence on millions of people‚ ranked with Christ and Mohammed‚ if we are to judge him by the number of followers. He predicted the inevitable doom of capitalism and imposed on his ideas that communism has built its edifice (large structure). He based his predictions on a sweeping analysis of the process of capitalists’ economic dvlpt. MARXIAN INTERPRETATION OF HISTORY General framework of Mark’s
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funds to productive uses. In line with the assumption that banking sector plays an important role in financing the investment projects‚ successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reforms has been to ensure financial stability so as to influence the growth of the economy and also enhance banks to play a critical role of financial intermediation in Nigeria. However‚ despite the fact that Nigerian banks have
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* Why might a country in an early stage of economic and technical development want to limit importation of goods from more developed countries? They might want to sale the same products that these developed countries already have mastered and marketed well. It might be in there interest to enact protectionist legislation. They want to be able sale as much of their domestic product without competition from dominant developed countries firms. This would increase the market share available to sale
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Discuss the advantages and disadvantages of aid as a strategy for economic development. Aid is a term used for major financial and material donations given from a donor country to a recipient country. Aid can be given directly from the donor government to the recipient government (bilateral aid)‚ or go from donor to recipient through an international organization such as the World Bank (multilateral aid). It can also take the form of loans from banks to the recipient country‚ or donations managed
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Problems Faced NAME: Economic Community of West African States ACRONYM: ECOWAS YEAR OF FOUNDATION: 1975 HEADQUARTERS: Abuja‚ Nigeria DESCRIPTION The Economic Community of West African States (ECOWAS) is a regional organization of 15 West African countries established on the 28th of May 1975. Its main goal is the promotion of the economic integration among its members. Indeed‚ ECOWAS is one the five regional pillars of the African Economic Community (AEC). ECOWAS has three
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Enfermagem‚ Latino. Predictive Validity of the Braden Scale for Pressure Ulcer Risk. 2011 January. www.eerp.usp.pr/rlae. Enfermagem study implicates the efficiency of Braden scale as an indicative measures for PU development. Covering four intensive care units of general private hospital considering certain criteria of first‚ second and third assessment of Braden Scale‚ the study is indeed another step to obtain validation that using the scale is effective by achieving cut -off score of thirteen
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Role of information and communication technology (ICT) in dairy Development Introduction We believe knowledge is power and information is the key element of knowledge base. Today‚ development of an individual or a society is based on access to information. Unfortunately‚ the information and communication technologies favour the richer section or the urban areas. On the other hand‚ the village or the poorer segment remains‚ unreached by this scientific and technological advancement. as a result
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