Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

HOMEWORK (MDIS)


Read this first

Question:
Choose an industry that you know about.

Decribe how you transformed it in the short run from a small firm to a large firm in the long run.
Describe the various internal and external economies of scale
What are the challenges u may face - like diseconomies of scale.