Examlex
What issues might be discussed with a dual career or dual earner couple?
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Natural Monopoly
A market condition where a single firm can supply a good or service to an entire market more efficiently than if there were multiple suppliers, due to high fixed or startup costs.
Investor Owned
Pertains to a business or entity that is privately owned by investors who seek to earn profits from the operation.
Barriers to Entry
Barriers that make it difficult for new entrants to join a market due to financial, legal, or procedural hurdles.
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