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Diseconomies of Scale
The phenomenon where production costs per unit increase as an operation scales up, typically due to inefficiencies or increased complexities.
Long-Run
The long-run refers to a period in economics where all factors of production and costs are variable, allowing all inputs to be adjusted.
Short-Run
A period in economics during which at least one factor of production is fixed, focusing on immediate effects and adjustments.
Spreading Effect
A phenomenon in economics where an initial investment leads to additional benefits that spread beyond the immediate context, often stimulating further economic activity.
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