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reem Tagged Articles
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Public Sector Procurement Practice and the Principles of External Economies, Clustering and the Global Value Chain
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| Can the public sector effectively apply the principles of External Economies to its procurement practice?
“External economies of scale (ES) occur outside of a firm, within an industry. Thus, when an industry’s scope of operations expands due to, for example, the creation of a better transportation network, resulting in a subsequent decrease in costs for a company working within that industry, external economies of scale are said to have been achieved. With external ES, all firms within the industry will benefit.” (What Are Economies of Scale? By Reem Heakal, January 2003)
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Other reem Related Articles
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Public Sector Procurement Practice and the Principles of External Economies, Clustering and the Global Value Chain
| |
| Can the public sector effectively apply the principles of External Economies to its procurement practice?
“External economies of scale (ES) occur outside of a firm, within an industry. Thus, when an industry’s scope of operations expands due to, for example, the creation of a better transportation network, resulting in a subsequent decrease in costs for a company working within that industry, external economies of scale are said to have been achieved. With external ES, all firms within the industry will benefit.” (What Are Economies of Scale? By Reem Heakal, January 2003)
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