- Types of Employment
- The employment structure of how much of the labour force is divided between the different sectors can say a lot about a country's economy. There are various types of employment- part-time/full time, temporary/permanent and employed/self-employed. In the UK, the tertiary sector is growing; with this, the necessity to be flexible to accommodate the global market grows and employing people temporarily becomes more desirable. Businesses prefer to employ workers on temporary contracts rather than permanent contracts. In rural areas, farmers and small businesses are self-employed workers, sometimes with temporary migrant workers coming for seasonal jobs.
- Types of Economies of Scale
- If a business expands the size of its production, it can usually take advantage of cheaper bulk-sale production costs and can then afford to sell items at a cheaper rate than competitors. This is called economy of scale.
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