Sources of external economies of scale, Microeconomics

Sources of external economies of scale:

Economies of Skilled Labour:

This involves upgrading the skills of labour through the provision of education and training facilities in a well-organised industry. This ensures that education and training of labour do not become part of the industry’s daily operations but rather some specialized institutions take over the performance of these functions. This is often easier in well-organised industries than less organized ones. Such education and training culminate in economies of manpower development and generally lower the cost of production in the industry.

Posted Date: 1/2/2013 11:46:25 PM | Location : United States







Related Discussions:- Sources of external economies of scale, Assignment Help, Ask Question on Sources of external economies of scale, Get Answer, Expert's Help, Sources of external economies of scale Discussions

Write discussion on Sources of external economies of scale
Your posts are moderated
Related Questions


a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000

Inflation And Unemployment: Inflation describes a persistent and an appreciable increase in the general price level. The inflation rate is measured as a percentage change in a

A monopolist faces the inverse demand for its output: p = 30 – Q The monopolist also has a constant marginal and average cost of $4/unit. The government is seeking ways to collect

explain how microeconomic and macroeconomic issues may be represented using the production possibility curve

You are a commuter student at a local university. Because of the steep rise in gasoline prices, your parents decide to give you enough additional weekly cash so that you can affor

You have just been hired by your city’s department of health. Your first task is to use cost-benefit analysis to evaluate a smocking awareness program that the department has been

a) Provide a detailed valuation of an equity investment decision in the current economic climate. Your briefing should include: i) A review of the 'top-down' analysis that led