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Diseconomies of Scale
The phenomenon where production costs per unit increase as the scale of operation expands.
Inputs
Resources used in the production process, including labor, capital, materials, and energy, to create output or goods and services.
Output
The amount of goods or services produced by a business, sector, or economy over a specific period.
Explicit Costs
Direct, out-of-pocket payments for costs of production, such as wages, rent, and materials.
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