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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Government-bond markets in peripheral countries are soaring Jan 19th 2013 |From the print edition THE squiggles on traders’ screens showing changes in the prices of government bonds are the closest thing that financial markets have to ECG machines for economies. By this diagnostic measure the invalids in Europe’s medical ward are making a remarkable recovery. On January 10th the interest rate on Spanish ten-year government bonds fell below 5% for the first time in almost a year. Even though rates then
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(BBF) which is the BB’s own refinance window fore SME in the Banking sector. Initially this Bangladesh Bank Fund (BBF) was started with only 100 crore taka which has now risen to 600 crore taka. During my tenure as Executive Director in charge of ACSPD‚ Bangladesh Bank implemented two other refinance window funded by IDA credit of World Bank under the EGBMP (Enterprise growth & Bank Management project) and ADB under SMESDP (SME sector Development project). I also took initiative in the project formulation
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Introduction India is in the midst of a retail boom. The sector witnessed significant transformation in the past decade from small-unorganized family-owned retail formats to organized retailing. Indian business houses and manufacturers are setting up retail formats while real estate companies and venture capitalist are investing in retail infrastructure. Many international brands have entered the market. With the growth in organized retailing‚ unorganized retailers are fast changing their business
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Economy is supposed to mean the stabilization of resources in a country. As of now‚ the term economy means being unstable or anarchy. The economy is struggling daily causing everyday living difficult for civilization. The deprivation of oil‚ the decrease of care towards the environment‚ and the possible recession of the United States of America economy is what keeps the economy very unstable. Currently‚ this is the worst that it has ever been and it does not look like change is in the horizon. The
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What type of Economy does China have? Explain some of the benefits of this system to the country and some of the drawbacks. 1. Since the People’s Republic of China was formed in 1949 until 1978‚ China had a planned socialist economy like the former Soviet Union. The government owned all factories and farms. Planning committees controlled all production. Market forces were often ignored when they conflicted with plans of the state. In 1978 China introduced farm reforms. Farmers could grow
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This paper is a sociology paper about Africa and how it economy works. It list great detail about the type of economy that Africa is ran by. It is for Sociology of Developing countries and talks about West Africa. There is a lot of resourceful and good information that is included in this paper and it is easy to understand and it is written in APA format‚ there is also the proper amount of citations in the correct form. I think that it would be useful for any student that is taking a sociology
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UK Hotel Sector 2014: A focus on new markets and trends Read the Report rbs.co.uk/corporate Following years of slow recovery the hospitality sector witnessed a strong appetite for growth in 2013‚ a trend that is set to pick up pace in 2014. Thanks to the improving economic backdrop‚ this year we anticipate seeing the highest levels of average daily rates (ADR)‚ occupancy and revenues per available room (RevPAR) since 20081. However‚ despite improvements‚ the challenges of an increasingly competitive
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is done in productive assets and participation in the management of the company as the stake holders by a company which is based in one country‚ into a company based in another country. Recently the cabinet said OK for 51% FDI in multi-brand retail sector & 100% FDI in single brand. Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provision of the Foreign Exchange Management Act (FEMA) 1999. RBI also issues notifications which contains the Foreign
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I V E The Open Economy No nation was ever ruined by trade. — Benjamin Franklin Even if you never leave your home town‚ you are an active participant in a global economy.When you go to the grocery store‚ for instance‚ you might choose between apples grown locally and grapes grown in Chile. When you make a deposit into your local bank‚ the bank might lend those funds to your next-door neighbor or to a Japanese company building a factory outside Tokyo. Because our economy is integrated with
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