Economics of Scale

by IntroBooks

The beginning of this economic concept, economies of the scale, can be dated back to Adam Smith who was a Scottish pioneer of political economy and an important key figure during the Scottish Enlightenment Era who first mentioned this concept in his book "Wealth of Nations" in 1776 and was based on the idea of obtaining greater production return profits through the use of division of labour. The economies of the scale rely over the fixed cost that...

• Format: Paperback
• Language: English
• ISBN: 1677674040
• ISBN13: 9781677674046
• Release Date: January 1
• Publisher: Independently Published
• Length: 58 Pages
• Weight: 0.17 lbs.
• Dimensions: 0.1" x 5.2" x 8.0"