An overcrowding effect within an organization is often the leadingcause of diseconomies of scale. This happens when a company grows too quickly, thinking that it can achieve economies of scale in perpetuity. If, for example, a company can reduce the per-unit cost of its product each time it ...
Technological progress may have increased scale economies in producing financial services, creating opportunities to improve efficiency and increase value through consolidation. New tools of financial engineering, such as derivative contracts, off-balance-sheet guarantees, and risk management may be more effi...
In this text, we will define the concept of the business cycle and we will mention which are the 4 phases that compose it, and what causes the changes from one phase of the economic cycle to another.Answer and Explanation: The business cycle describes the ris...