Examlex
Why did England rather than China became the first nation to industrialize? Discuss.
Economies Of Scale
The cost advantages that enterprises obtain due to the scale of their operations, typically resulting in lower costs per unit as production increases.
Modular Platform
A design approach where components or systems can be easily interchanged and integrated, enhancing flexibility and scalability.
Virtual Organization
An organizational structure that operates through digital collaboration among geographically dispersed members, relying on technology rather than physical offices.
Information Technology
The use of computers, storage, networks, and other physical devices, infrastructure and processes to create, process, store, secure, and exchange all forms of electronic data.
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