Economies and diseconomies of scale which is the best operating level for any firm
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Meaning of underdevelopment. --Neha Gupta. The term underdevelopment refers to that state of an economy where levels of living of masses are extremely low due to very low levels of per capita income resulting from low levels of productivity and high growth rates of population.
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When a firm increases its scale of operations, it needs to use a more specialized and ... However, beyond a certain point, the firm experiences diseconomies of scale. ... Post this, any increase in the size of the plant causes the costs to rise. ... After an optimum level, these economies start becoming diseconomies though.
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