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economy
(redirected from Economies of scope)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
economy /econ·o·my/ (e-kon´ah-me) the management of domestic affairs.
token economy  in behavior therapy, a program of treatment in which the patient earns tokens, exchangeable for rewards, for appropriate personal and social behavior and loses tokens for antisocial behavior.

economy [e-kon´o-me]
the management of money or domestic affairs.
token economy a program of treatment in behavior therapy, usually conducted in a hospital setting, in which the patient may earn tokens by engaging in appropriate personal and social behavior, or lose tokens by inappropriate or antisocial behavior; tokens may be exchanged for tangible rewards (such as food snacks or clothing) or for special privileges (such as watching television or passes to leave the hospital).


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By moving into related markets, it is possible for a firm to utilize its excess capacity to achieve both economies of scale and economies of scope (Teece, 1980, 1982).
No economy of scope or pressure to refer By not having economies of scope (different ancillary procedures within her office), she may lose out on income generated by internal referrals.
For example, economies of scale usually associated with mass production may be less relevant when a company adopts a just-in-time (JIT) approach and seeks economies of scope through smaller machines that can handle a range of products.
 
 
 
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