Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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Explain the advantages and disadvantages that large firms have over smaller firms and vice-versa‚ in the pursuit of entrepreneurial activity. As an enterprise can be defined as private business‚ it can thus be separated into two main categories which are small firms and large firms. Within many countries and many industries there are normally a large number of small firms and a smaller number of large firms as can be seen in the United Kingdom where there are only a few thousand large firms and over
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Advantages and disadvantages of being a sportsmen Professional sportsmen are those people who receive payment for their performance‚ as an individual or within a team environment‚ at a professional level. As any other profession in the world‚ treating sports as an occupation also has its advantages and disadvantages. First of all‚ practicing a professional sport‚ not only helps people have an active an healthy lifestyle‚ but also helps them to develop important skills such as perseverance‚
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The Advantages and Disadvantages of being Latino in the U.S. Video Response Based on the video that we watched in class on Friday‚ about the advantages and disadvantages of being Latino in the United States‚ I learned quite a lot. From all the disadvantages and advantages that were stated‚ the two that stood out to me the most were “Bad Reputations” for disadvantages and for advantages‚ “Amazing Culture”. Many stereotypes that Latinos are labeled with in America are that they are lazy‚ drunks
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diet is a key to healthy life. Some organizations working for the animal rights are strictly against eating meat‚ fish or poultry. Vegetarian diet typically consists of whole grains‚ vegetables and fruits. They are‚ no doubt‚ good for health. But have you ever thought whether vegetarian meals are complete? Can it fulfill all the nutritional requirements of the body? Well‚ there are certain advantages and disadvantages of being vegetarian. What are they? Advantages Vegetarian diet mainly includes
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The advantages and the disadvantages of being female. Today ‚be female could be advantageous yet could command some disadvantages ranging from the way one thinks ‚ talk ‚ the way people appreciate and consider you . The pains one may feel physically ‚ spiritually and emotionally.Being female in a world which is continuously changing and demanding could be very difficult at times and very easy in some cases .The advantage of being female includes a lot of things. Females have a wonderful self
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10th February 2014 Discuss the advantages and disadvantages of the first past the post electoral system The UK electoral system is run by the First Past the Post system‚ voting takes place in single-member constituencies. Voters put a cross in a box next to their favoured candidate and the candidate with the most votes in the constituency wins. The advantages of using a First Past the Post system are as follows: Firstly‚ the system is simple and easy for constituents to understand because you only
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Overseas Trade * 6.Medical Education 6. Basis : a. Government of India is allocating only 1.9% of GDP on health sector. Which is least in the entire world. Dr. Kiran Majumdar Shaw CMD‚ Bicon. b. All developed countries give primary importance to its citizen’s health‚ unfortunately in India‚ the case is reverse. – Dr. Naresh Trehan. c. Due to health related expenditures every year 3.9 crores of Indians slip down from middle-class to the
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There was a lot of uncomfortable/ unfamiliar places I have been like the time I had to go on a greyhound bus full of strangers or my first day of school in a whole different state and city. But instead of writing about those I decided to write about the time my mom left me at her boyfriend’s house to play with the little girl who lived there so they can run some errands. The most uncomfortable situation I been in was the time my mom left me with her boyfriend’s family to play with there daughter
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The First World War broke out in 1914‚ originally involving Great Britain‚ France‚ Germany‚ Austria-Hungary and Russia. There were many reasons why the war started; some were long term causes related with the tensions between the countries of Europe‚ such as the conflicts between Britain and Germany and Russia and Austria-Hungary. However there was one short term cause which invoked all the existing tensions to break out in war‚ the assassination of the Archduke and Prince of Austria‚ Franz Ferdinand
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