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Scale of Production:

 

What is Scale of Production?

 

Scale of production is set by the size of plant, the number of plants installed and the technique of production adopted by the producer. Continue reading.

 

Economies of Large Scale Production:

 

The economies of large scale production are classified by Marshall into (1) Internal Economies and (2) External Economies. Continue reading.

 

Survival of Small Scale Firms:

 

Small scale production firms has the actual survival value side by with large scale production. The facts are that small scale firms have a firm footing along with the large scale firms. Continue reading.

 

Localization of Industries:

 

By 'localization of industries' is meant the tendency on the part of industries to be concentrated in regions which are most suited for their development. Continue reading.

 

Optimum Firm:

 

Optimum firm is that firm which fully utilizes its scale of operation and produces optimum output with the minimum cost per unit production. Continue reading.

 

 

 

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