Examlex
The underlying assumption of broad "get tough" laws is that incapacitating offenders will reduce crime and therefore reduce the number of crime victims and to date this approach has been successful.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's output expands, typically due to inefficiencies and increased complexity.
Average Total Costs
The total cost of production divided by the quantity of output produced; a measure of cost per unit of output.
Scale of Operations
The scope, size, or capacity at which a company or organization performs its activities, impacting costs, efficiency, and potential for growth.
Economies of Scale
Reductions in per-unit cost that organizations achieve through expanded production scales, where larger output volumes usually mean decreased costs per unit.
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