Economics

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What are Economies of Scale?

The economies of scale contribute to how production costs decrease as quantities increase.

February 27, 2018 15:05

What Was "Miracle On The Han River?"

The miracle refers to the period in South Korea's history after the Korean War when the country rapidly transformed from a developing to a developed economy.

February 6, 2018 13:38

The Economy of Michigan

Michigan has one of the largest economies in the United States, mostly centered around the automotive industry.

January 24, 2018 14:46

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