Origin of the name Oscar: derived from a Norman baronial name taken from a French place-name meaning golden city.. Others think it is merely an invention of the novelist Fanny Burney, who used it for the hero in her novel Evelina (1778).From A World of Baby Names by Teresa Norman.scar (Irish) possibly from the Gaelic phrase os cara, meaning friend of the deer. James Macpherson used the name in his Ossianic poems. Napoleon, an admirer of those works, imposed it on his little French godson, who ascended the throne of Sweden as Oscar I (or Oskar I).
Economies of Scale and Scope. Economy of scale is a concept that arises in the context of the production of a good or service, and other similar activities undertaken by organisations. This concept will provide an understanding of economies of scale, and some other concepts related to the production process.
Economies of scale is a long run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase. More simply put, when more goods can be produced on a larger scale with lower costs, economies of scale is said to be achieved. Law Of Diminishing Returns. The law of diminishing returns (also law of diminishing marginal returns or law of increasing relative cost) states that in all productive processes, adding more of one factor of production, while holding all others constant (ceteris paribus), will at some point yield lower per-unit returns.