ECONOMIES OF SCALE MRS. MATIN NOTES.  Meaning of Economies of Scale: - The term or word economies means advantages and the term or word scale means size. As a firm grows from small to large, it enjoys many advantages; these advantages are known as economies of scale. Economies of sc...

SOURCES OF FINANCING SHIP PURCHASES A. INTRODUCTION "Ships have always represented a major capital investment for their owners. Even the earliest ocean going ships, although small, would have represented a major investment at the time – and a very risky one..." Shipping financ...