Examlex
What is a transnational corporation? Why are transnational corporations especially influential in shaping the world of work and the economy today?
Natural Gas Pipeline
A system of pipes that transports natural gas from its source to the consumers or to a processing plant.
Diminishing Returns to Scale
A situation where, as more inputs are used, the incremental increase in output decreases.
Economies of Scale
Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Constant Returns to Scale
A situation in production where increasing the inputs exactly proportionally results in an equivalent increase in output.
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