Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
Premium Economics Average cost Cost
Future of English as a global language “A language achieves a genuinely global status when it develops a special role that is recognized in every country” (Crystal 1997). In the 21st century‚ English is increasingly becoming the dominant language in global communication. However‚ the question of where the future of English lies remains unclear. Will English in the future increase in popularity or should we adopt a better alternative? English is undoubtedly one of the most influential languages
Free English language
Immigration does not hurt the Economy Since the founding of the U.S. more than 200 years ago‚ people have come here from every country on earth. Whether it be escaping an oppressive government‚ or just to find a general better way of life‚ people immigrate to the United States. Some people say that when an immigrant comes here‚ they are not used to our way of life‚ and therefore throw off our way of life and economy. They say that they cause more harm to the stable‚ tax-paying citizens of the
Premium Immigration United States Immigration to the United States
It Was Crazy! Reaction paper for The Gods Must Be Crazy directed by Jamie Uys ___________________________ There wasn’t a minute that our block didn’t stop laughing our butts off when we watched The Gods Must Be Crazy. The characters of that humorous movie did well in their acting and so did the director of the movie for doing a great job for taking such wonderful cast and handling the actors of the great South African outback. What I loved most while watching the movie is its countless humor
Premium The Gods Must Be Crazy Learning Urban area
References | 17 | Economic condition of Bangladesh: The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1‚700. According to the International Monetary Fund‚ Bangladesh ranked as the 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms‚ with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy has grown at the rate of 6-7% per annum over the past few
Premium Gross domestic product Purchasing power parity Inflation
The future of auditing Called to account The auditing industry has yet to recover from the damage inflicted by an era of corporate scandals Nov 18th 2004 |From the print edition * * NO ONE becomes an auditor because the job is adventurous. In recent years‚ however‚ the profession has been really rather racy. Auditors have been implicated in fraud after fraud. The Enron scandal brought down Arthur Andersen‚ which had been one of the profession ’s five giant firms. Now a scandal at
Premium Auditing Financial audit Audit
gang customs‚ it is questioned as to whether Beowulf should be considered a hero. He proves to be a great warrior and protector by killing three terrorizing beasts‚ a provider by bringing back great treasures from each of his exploits‚ and faithful by always looking out for his tribe and fighting in their honor. The true question
Premium Beowulf Heorot Sweden
technology and easy access of the internet. In the following essay the merits and pitfalls of being able to access large amounts of information from the internet will be discussed as well as trying to avoid the downside of operating in an “attention economy”. The internet has many advantages. Firstly on a social level‚ websites such as facebook‚ Twitter and MySpace‚ have allowed for people all over the world to be connected. It is a cheap‚ fast and easy way of communicating. More and more public places
Premium Distraction Attention span History of the Internet
Economy Since the democratic reform in 1959‚ and especially since the adoption of the reform and opening-up policy in 1978‚ Tibet has witnessed remarkable economic development. The Tibetan economy is dominated by subsistence agriculture. The Tibetan yak still plays an important role in Tibetan life. Yaks still promote the best way to plow fields in Tibet. The Tibetan economy is dominated by subsistence agriculture. Due to limited arable land‚ the primary occupation of the Tibetan Plateau
Premium Economy Tibet Economic growth
of Futures and Forward Markets 1. Which of the following is true (circle one) a) Both forward and futures contracts are traded on exchanges. b) Forward contracts are traded on exchanges‚ but futures contracts are not. c) Futures contracts are traded on exchanges‚ but forward contracts are not. d) Neither futures contracts nor forward contracts are traded on exchanges. 2. Which of the following is not true (circle one) a) Futures contracts
Premium Futures contract Short