The economy of scale theory in microeconomics, refers to the power of an enterprise to achieve an optimal level of production at the lower cost, in other words, when the production of a company grows the costs of each unit produced is reduced, this guarantees higher revenues for the enterprise. It also responds to the laws of offer and demand, and assures that an enterprise do not exceed the production of the item, when it is not demanded by the consumers.
<span>The alphabet has been a cornerstone in communicating thoughts and ideas throughout mankind. Remember how easy it was to learn the alphabet and begin speaking and voicing your mind? We have the Phoenicians to thank for that.</span>