Examlex
After playing several hours of violent video games, some children show disinhibition, which means that they
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, leading to a decrease in cost per unit as output increases.
Learning-by-doing
An economic concept that suggests productivity and efficiency improve through practice and the accumulation of experience.
Spreading the Overhead
The practice of distributing fixed costs over a variety of products, projects, or business units to ensure efficiency and reduce the overall cost per unit.
Economies of Scale
The cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production.
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