Examlex
Elaine is reinforced with a gold star for every math problem on her worksheet that she correctly completes.This is an example of
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases, leading to a lower cost per unit.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
International Trade
The exchange of goods and services between countries.
Current Account
An account of a country’s exports and imports of goods, services, and income.
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