Examlex
When it appears in a letter, memo, or email, what does the symbol "c" stand for?
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theories of the free market and the "invisible hand" guiding economies.
Diseconomies of Scale
Diseconomies of scale occur when a firm's costs per unit increase as it produces more units, due to inefficiencies.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Placental Problems
Issues related to the placenta during pregnancy that can affect the health of both the mother and the fetus, including placenta previa or abruption.
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