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Outcome 1.2 Economic Contribution of a Large Organisation

Outcome 1.2 Economic Contribution of a Large Organisation. What is Economics. The science of PRODUCTION, DISTRIBUTION, and CONSUMPTION of GOODS and SERVICES. Advantages of being large. Economies of Scale Lower costs per unit of output as a result of operating on a large scale

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Outcome 1.2 Economic Contribution of a Large Organisation

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  1. Outcome 1.2Economic Contribution of a Large Organisation

  2. What is Economics The science of PRODUCTION, DISTRIBUTION, and CONSUMPTION of GOODS and SERVICES

  3. Advantages of being large • Economies of Scale • Lower costs per unit of output as a result of operating on a large scale • Producing a lot results in each unit being produced more cheaply • Diseconomies of Scale • Organisation can be too big to be managed efficiently • EoS: This makes large organisations efficient producers of goods and services

  4. What do LSOs bring to the economy

  5. What do LSOs bring to the economy • Employment • Direct • Consumer Spending • Taxes • Gov’t Spending • Indirect • A result of consumer spending

  6. What do LSOs bring to the economy

  7. What do LSOs bring to the economy

  8. What do LSOs bring to the economy

  9. The Negative Contributions • Employment: Taking jobs offshore or downsizing • Using call centres in India and the Philipines • Industrial Base: Companies taking their technologies overseas • “Brain Drain” • ‘Bionic Eye Project’ • Infrastructure: Governments not supporting infrastructure growth • No new rail lines and highways • Hi-Speed Rail • East-West Freeway • Exports: imports • Electronics and Jumbo Jets

  10. Outcome 1.2 Task Activity 1.2a on page 20 Complete Test Yourself and your glossary

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