This article was too good to miss:
http://www.economist.com/node/21534817
What does this have anything to do with Business Studies?
Well, take what we've been learning about with economies of scale. Here's a quote from the article:
"Like both Las Vegas and Silicon Valley, Branson is a cluster. The concentration of theatres attracts skilled labour and allows specialist knowledge to spread. People quit one business to start a similar one, creating an entrepreneurial cycle, and, in the case of Branson, a lot of high-quality bluegrass music as well."
I'm loving that quote- it's external economies of scale in action! No more using silicon valley in my lessons, I'll be explaining the joys of operating a theater business in Branson.
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business corporations make strategic decisions that can result in a profit or loss economics studies are the corporations make these decisions and how other economic factors can influence their choices. In the US
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