Economies of scale are the cost advantages resulting from reduced cost of production per unit due to an increase in the level of output. The […]
Tag Archives: Economics
What is Energy Economics?
The price shocks that affected the oil and gas markets during the 1970s led governments and concerned stakeholders to rethink about the risks associated with […]
What is Social Capital: Definitions
Social capital can mean different thing to different scholars. This lack of consensus can be confusing. Some might consider social capital as just another buzzword […]