ECONOMICS SS1 SECOND TERM LESSON NOTE
ALL LESSON NOTES | QUESTIONS AND ANSWERS | JOBS | TRAININGS FOR TEACHERS | WORKSHEETS ECONOMICS SS1 SECOND TERM LESSON NOTE INTERNAL DISECONOMIES Internal diseconomies on the other hand can be defined as the disadvantages which a firm undergoes as a result of expansion, resulting in less efficiency and increase in the cost per unit of output as a result of managerial problems. DISADVANTAGES OF LARGE SCALE PRODUCTION a. Delay in decision making: As a firm grows in size, decision making process will take longer time. b. Less personnel relationship between workers and management: As a firm grows in size the rapport and interaction that exists when it was small is no more present. c. Difficulties In co-ordination and control of staff: When a firm grows in size, it might be very difficult to co-ordinate and control the staffs. d. Over production and Resource Wastage: One major disadvantage of large scale production is the fact t...