ECONOMIES OF SCALE Economies of scale are an important aspect of efficiency in production .Economies of can henceforth be define as ‘the reduction in average costs of production‚ that occur as a firm increases in size’. As businesses grow and their outputs increases‚they commonly benefit from a reduction in average costs of production.Total costs will increase with the increase in output‚but the cost of producing each unit falls as output increases .The reduction
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Sharing Economy Read the article (on pages 8-11) closely‚ then answer each question below. Write at least two to five sentences for each response‚ using evidence from the text to support your answers. 1. Describe the author’s purpose in the first two paragraphs of the article. Renting objects and places 2. Analyze the reasons the “sharing economy” is taking off now‚ according to the author. Enjoying a good time with strangers 3. The author writes that “whether the sharing economy is a bane
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Kazakhstan’s economy. Kazakhstan is the ninth largest country in the world and also it has the largest level of economy in Central Asia. Kazakhstan has huge reserves of mineral resources such as fossil fuel‚ natural gas‚ coal and etc. Mining‚ machinery manufacture‚ the production of petro-chemicals and agriculture are important sectors of the economy. Agriculture supplies grain‚ fruit‚ cotton‚ tobacco and meat. The south of Kazakhstan provides well-known “Aport” apples. As well‚ Kazakhstan is developed
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Background Israel was under British mandate untill May 14‚ 1948 when it declared its independence. The Israeli economy is highly diversified open-economy that depends on imports of raw materials‚ crude oil‚ gains and military supplies. In spite of having very limited natural resources‚ Israel has a highly developed agriculture and industrial sector. The Israeli economy mostly relies on exports (45% of its GDP) and services such as high technology equipment‚ agricultural products (vegetables
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Economic and Political Status in Paraguay Paraguay’s economy has constantly been improving over the years despite some set-backs they must face. Since they are a land-locked country‚ they do not have as many resources as most of its surrounding countries. They must rely mostly on agriculture for their main exports. As for Paraguay’s government and political conditions‚ they now have a president elected for a 5-year term. There are many different political parties‚ and the type of government
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SPARTAN ECONOMY The Spartan economy was mainly based around agriculture and these focused on three main classes. It was not just dependant on the slaves (helots) like the other Greek city states but were divided into serf-like helots‚ Spartiates and the perioikoi. The Spartan economy meant two things‚ the system of wealth creation and the state of the country’s prosperity. The economy had four vital features‚ natural resources‚ economic objectives‚ distribution of land and the roles of the Perioikoi
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Today’s Economy Today economy has not been stable for example for the last few years we have all been in a position where we have to watch how we spend more than we used to. A lot of changes have happened since the economy went down more people went bankrupt‚ broke‚ and some even were forced into becoming homeless. It is sad to see that so many people have been affect by the economy’s status. Lucky for me and my family we have been able to make it work so far and even though we watch
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APUSH Mrs. Cox 3/7/2013 (B) In the late 1800s‚ the United States embarked on a new wave of expansionism during which it acquired overseas territories. Explain the reasons for this new wave of expansionism. American Imperialism has been a part of United States history since the American Revolution. Imperialism is practice by powerful nations or people seeking to expand and maintain control or influence over weaker nations. The United States switch to imperialist behavior in 1898 has caused
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What type of economy is the UAE. List the features that are typical of this type of economy and provide a detailed discussion as to why you have chosen this classification. The economy of a country is the economic systems of a country which consists of the labor‚ capital and land resources that it has. An economy has economic agents that are the consumption of goods‚ production‚ distribution and exchange. The United Arab Emirates is considered as an “open economy”‚ it consists in having economic
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a general conclusion that war actually benefits the economy. Through decreasing unemployment by creating jobs as well as allowing those now employed to spend in the retail sector‚ it may seem as though war is an economic necessity to bring countries out of economic depression. This economic cycle of employment and spending may seem to benefit the economy as a whole‚ however in reality there is a much different truth to how war effects the economy of every country involved. By preparing for war a country
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