Examlex
Which of the following is not a stage of the demographic transition model?
Minimum Efficient Scale
Minimum efficient scale represents the smallest amount of production a company can achieve while still taking full advantage of economies of scale in terms of costs per unit.
Industry
A group of companies that produce similar products or services and compete in the same market.
Diseconomies of Scale
Increases in cost per unit when output increases, resulting from factors such as management challenges, inefficiencies, and communication problems as firms grow larger.
Large-Scale Business
An enterprise or organization that operates on a significant scale, typically involving extensive operations, large numbers of employees, or substantial revenue.
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