Internal Economies of Scale: 1. Purchasing economies of scale. 2. Financial economies of scale. 3. Marketing economies of scale. 4. Technical economies of scale. 5. Managerial economies of scale. 6. Specialization economies of scale. 7. Risk-bearing economies of scale. Ethiopia🤔
Export substitution means exporting value added products or factory proceeded products instead of exporting raw materials. For example exporting shoes instead of animal skins or exporting sesame oil instead of the sesame itself. By the way I am an engineer by employment but I have a degree in economics too.
HOW COULD YOU INVITE AN ENGINEER TO DISCUSS ON THE ISSUE OF MACROECONOMICS??? WASTE OF OUR TIME. WHAT HAPPENS TO EMS?? AUDIENCE CAN RECOMMEND YOU OR SEE OTHER MEDIAS OR YOUR AUDIENCE TO GET A REFERRAL.
I am both an engineer and an economist too. They called me engineer for simplicity. Trust me I know what I am talking about. If you have any specific question about this issue, I am more than willing to explain as long as you ask nicely😂
The fallacy is comparing U.K., France and Asian countries to Ethiopia. What is happening in Nigeria should be your guest; reference point. The country is about to explode after floating Niaria, and the country has oil export. Structural Adjustment had not worked for Africa, The rich became richer and the poor poorer.
This guy has the audacity to talk about the most specialized field, which he doesn't have expertise ..you can not provide expert advice from reading Adam smiths book. This is purely a monetary and financial engineering domain ....please stay away from such misleading discussions
