User:Jukeboksi/BBA studies/Economics: Difference between revisions
User:Jukeboksi/BBA studies/Economics (edit)
Revision as of 15:17, 12 September 2013
, 12 September 2013→Week 37 - Modern trade theories, trade policy: In economics, internalization can refer to the practice of
(→Week 37 - Modern trade theories, trade policy: sourcing definition of w:economies of scope) |
(→Week 37 - Modern trade theories, trade policy: In economics, internalization can refer to the practice of) |
||
Line 190: | Line 190: | ||
* '''[[w:Economies of scope|Economies of scope]]''' are conceptually similar to [[w:economies of scale|economies of scale]]. Whereas economies of scale for a firm primarily refers to reductions in the [[w:average cost|average cost]] (cost per unit) associated with increasing the scale of production for a ''single product type'', economies of scope refers to lowering the [[average cost]] for a firm in producing ''two or more'' products. | * '''[[w:Economies of scope|Economies of scope]]''' are conceptually similar to [[w:economies of scale|economies of scale]]. Whereas economies of scale for a firm primarily refers to reductions in the [[w:average cost|average cost]] (cost per unit) associated with increasing the scale of production for a ''single product type'', economies of scope refers to lowering the [[average cost]] for a firm in producing ''two or more'' products. | ||
* In economics, [[w:internalization#Economics and management|internalization]] can refer to the practice of multinational enterprises (MNEs) to execute transactions within their organization rather than relying on an outside market. | |||
== Week 38 - No class, work on report == | == Week 38 - No class, work on report == |