Examlex
According to your textbook
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in the per-unit cost as production increases.
Industrial Regulation
Laws and regulations that control how businesses can operate in certain industries to protect public safety, health, and the environment.
Economic Reason
Economic reason involves the rationale or logical basis behind economic decisions, focusing on the optimization of resource use to achieve specific monetary or utility outcomes.
Foreign Competition
The presence and influence of international companies in domestic markets, challenging local businesses.
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