Examlex
____ databases include abstract data types that allow users to define characteristics of the data to be stored when developing an application.
Economies of Scale
Competitive edge gained by firms through efficient production methods, leading to a reduction in the cost for each unit produced as the scale of production grows.
Natural Gas Pipeline
A system of pipes that transports natural gas from its source to the consumers or to a processing plant.
Diminishing Returns to Scale
A situation where, as more inputs are used, the incremental increase in output decreases.
Economies of Scale
Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
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