3 ms·
'economy of scale' is a spectrum and also related to input costs, of which technology is one of many such as labor cost, etc. Also, 'technology' means 'one prod
by cat199 7y ago
'economy of scale' is a spectrum and also related to input costs, of which technology is one of many such as labor cost, etc. Also, 'technology' means 'one producers relative advantage in technology' rather than 'the invention of X in the year Y'