1 explain the economic term lsquoeconomies of scale 2
1. Explain the economic term ‘economies of scale'.
2. Explain both of the economic terms a) specialization of labor and b) specialization of capital.
3. Explain how the new multiplex cinemas in the movie industry have created economies of scale.
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1 explain the economic term lsquoeconomies of scale2 explain both of the economic terms a specialization of labor and b
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