Buffett’s Airline Stocks and an Intro to Economies of Scale in Fixed Costs (Tech Strategy – Daily Article)

Economies of scale as a phenomenon goes back to Adam Smith, so it is, unsurprisingly, often described in industrial terms. It is the phenomenon where per unit costs decrease with increasing volume or throughput (i.e., output produced per unit of time). This can result from quite a few different factors – such as: The division […]
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