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Economics Ch3A - Coggle Diagram

- - - - technical (plant size)
        
        specialisation and division of labour and/or capital
        eg. specialised training
        
        indivisibilites: equipment that comes in a fixed productive capacity, need to utilise fully
      - not related to plant size
        
        marketing economies: buy raw materials in bulk, advertising etc
        
        financial economies: banks more willing to offer loans, lower interest rates
        
        organisational economies: centralising admin functions
        
        managerial economies: specialist managers
        
        risk breaing economies: spreading out risks
    - - loss of control: harder to monitor workers
      - lack of coordination: communication breakdown
  - - - economies of concentration: shared FOPs
        
        trained workforce
        
        better industry infrastructure
      - economies of information: common info services, sharing research
      - economies of disintegration: split up production process, auxiliary firms etc
    - - higher factor prices: because DD for FOPs increase
      - strain on infrastructure: congestion, overcrowding, pollution