Examlex
How does the concept of an infant as a "blank slate" fit with the concept of infant temperament?
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.
Constant Returns to Scale
A situation where increasing all inputs by a certain factor results in output increasing by the same factor, indicating proportionate scalability of production.
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