Examlex
When you are given a group assignment, do you work harder or less hard than you would alone? Why? Does the research on group productivity, social loafing, group polarization, and groupthink support your prediction?
Workers
Individuals engaged in any form of economic activity to earn a living, including both paid and unpaid efforts.
Diseconomies of Scale
The phenomenon where, as a firm or industry grows beyond a certain point, per unit costs start increasing due to inefficiencies.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Diminishing Marginal Returns
The principle that as additional units of a factor of production are added, the increase in output will eventually decrease, holding other factors constant.
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