Examlex
In a __________ system, governments enforce conformity, deny citizens the right to assemble for political purposes, restrict access to information, and employ secret police to create an environment of fear and suspicion.
Economies of Scope
Cost advantages that enterprises obtain due to a broad scope of operations or the variety of products and services offered.
Cost Function
A mathematical relation that describes how the total cost of producing a good or service varies with the level of output.
Diseconomies of Scope
The phenomenon where a company’s costs increase as it produces more varied types of products or services, due to inefficiencies.
Returns to Scale
The rate at which output increases as inputs are increased proportionately.
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