Economies Of Scale
Posted onIn manufacturing, the more units being made the cheaper each unit costs to produce.
In manufacturing, the more units being made the cheaper each unit costs to produce.
The management of money, currency and trade of a nation. The efficient management of resources.
Nature based travel to unspoilt places in the world with a view to conservation and to bring economic benefit to the local people. Also known as Ecological Tourism.
Products or media which both educate and entertain at the same time, such as TV, books, computer software.
Believing that everyone is equal and should all have the same rights and opportunities in life.
The measure of whether people require more or less of a product or service after a price change.
A home which has the necessary electronic equipment, such as telephone, computer, etc., from which to run a business.
A means of exchanging documents between businesses using electronic equipment such as computers.
A type of microchipped smartcard which stores small amounts of money to enable payment for purchases, especially on the Internet, instead of having to use cash.
Dishonestly appropriate goods or money from one’s employer for personal gain; steal from one’s employer, typically by electronic administrative methods, thus abusing a position of trust or responsibility.