Explain the Concept of Economies of Scale

question 135

Essay

Explain the concept of economies of scale.Identify two reasons why economies of scale exist.

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Definitions:

Major Depressive Disorder

A mental health disorder characterized by persistent feelings of sadness, loss, or anger that interfere with one's daily activities.

Heritability

The proportion of variation among individuals in a population that can be attributed to genetic variations.

Percent

A part-per-hundred ratio, a unit of measurement used to express how large one quantity is relative to another quantity.

Major Depressive Disorder

A mental health condition marked by persistent feelings of sadness, emptiness, or hopelessness, significantly affecting daily functioning.