Examlex
Match the database table to the appropriate transaction cycle.
-Time Worked
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, resulting in lower per-unit costs due to increased production volume.
Automobile Industry
The sector of the economy that manufactures and sells motor vehicles.
Inputs
Resources such as labor, materials, and capital that are used in the production process to produce goods and services.
Output
The total amount of goods or services produced by a company or country.
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