Examlex
Each row in a EAD table represents a data flow.
Long Run
A period in which all factors of production and costs are variable, allowing for full adjustment to changes.
Expand
To increase in size, number, or scope, such as a business growing its operations or a market increasing its reach.
Internal Economies
Cost-saving measures that arise from the expansion of a firm, affecting the production process internally.
External Economies
Benefits that a firm obtains due to the actions of others or external factors, leading to reduced costs.
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