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Business
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Number of pages / Number of words: |
20 / 5579 |
Essay's paper body
âThe more I produce, the cheaper my final product isâ.
Specialization (Adam Smith, 1776) is fundamental to reach economies of scale. He explains how workers even unskilled can increase the production just in repeating the same task. With time, tasks will be better and faster performed and the production will increase in less time and at lower cost, that lead to the emergence of economies of scale...
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âThe more I produce, the cheaper my final product isâ.
Specialization (Adam Smith, 1776) is fundamental to reach economies of scale. He explains how workers even unskilled can increase the production just in repeating the same task. With time, tasks will be better and faster performed and the production will increase in less time and at lower cost, that lead to the emergence of economies of scale...
Essay fragment
General points of the essay
Adam Smith
The Falsehood of Adam Smith’s Optimism
economies of scale
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