Question on: SS1 Economics - Meaning of Scale of Production
What is medium-scale production?
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A
Where businesses produce limited quantities of goods or services with limited resources and a small workforce
B
Where businesses produce a massive amount of goods or services with substantial resources and an extensive workforce
C
Where businesses produce a moderate amount of goods or services with more significant resources and a larger workforce
D
None of the above
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Correct Option: C
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