Economics Dictionary of Arguments

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 External Economies - Economics Dictionary of Arguments
 
External economies: External economies are cost-saving benefits that firms receive due to the overall growth of an industry or economy, rather than their own actions. These can arise from improved infrastructure, skilled labor pools, or technological advancements. External economies lower production costs and enhance efficiency, benefiting all firms within a sector or region. See also Externalities, External benefit.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
 
Author Item    More concepts for author
 
Rothbard, Murray N. External Economies   Rothbard, Murray N.

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Ed. Martin Schulz, access date 2026-06-09