Examlex
Direct current motors require only one ____________________ contact to connect or disconnect them to the power line and one overload sensing device.
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases, leading to a reduction in average cost per unit.
Specialization
The focus of a business or individual on a limited scope of products or skills, allowing for increased efficiency and expertise.
Total Cost Curve
A graphical representation showing the total cost associated with producing varying quantities of output, illustrating economies or diseconomies of scale.
Short Run
A time frame in economics during which at least one factor of production is fixed, limiting the ability of the economy or a firm to adjust to changes.
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