NABTEB Economics 2023 Objective — Question 17
Question 17 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2023 Objective paper, with the correct answer and a full explanation.
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A small scale firm located within an industrial estate will enjoy A. government protection and funding B. technological economics of scale C. external economics of scale D. Financial economics of scale
- A. government protection and funding
- B. technological economics of scale
- C. external economics of scaleCorrect
- D. Financial economics of scale
Explanation
External economies of scale are benefits a firm enjoys from being located near other firms in the same industry/locality, such as in an industrial estate.
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