After reading this article you will learn about the economies and disadvantages of large firm. Economies of Large-Scale Operations: Different economies available to a large firm may be summed up as under: Technical Economies: 1. Large firms can install new machines, automatic appliance and adopt other means of superior technology because it is economical to do so if they are [...]
After reading this article you will learn about:- 1. Definitions of the Size of a Firm 2. Measures of Size 3. Concepts. Definitions of the Size of a Firm: In an industry there are firms of varying sizes. The costs of production in these firms of different sizes vary. Economists are concerned with the best size of a business unit, [...]
After reading this article you will learn about:- 1. Meaning and Concept of Working Capital 2. Classification of Working Capital 3. Factors 4. Sources 5. Uses. Meaning and Concept of Working Capital: Working Capital refers to a firm's investment in short term assets-cash, short term securities, accounts receivable and inventories. Net Working Capital is defined as current assets minus current [...]