Examlex
The degree to which one is willing to have contact with another person is measured by using a(n)
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, resulting in cost per unit of output decreasing with increasing scale.
3-D Printers
Technology that creates three-dimensional objects from digital models by layering materials.
Explicit Costs
The direct payment costs to others in the course of running a business or undertaking an economic transaction.
Implicit Costs
Costs that represent forgone opportunities, often not directly outlaid but incurred when resources are used for one purpose over another.
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