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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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Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
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Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
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Principles and Theories of Macro Economics
National Income and Its Measurement
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Development and Planning Economics
Introduction to Development Economics
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Monetary Economics and Public Finance

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