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A series designed to help all the new people flooding into & entering Crypto/Investments daily who get thrown into the rabbit hole so to speak and everything is new to them.         

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#### Bitshares 101 Focus/Resources Section for New Crypto Folks now included near the end of each post - starting just prior to Christmas 2017.  BTS is a Decentralized Exchange and much more.   Very undervalued! 

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*It is a TLDR / Short Form Series, covering ONLY one thing each episode in blue collar, easy to understand language to give a SHORT OVERVIEW of the term or lesson of the day.*

It is *specifically* designed this way to keep it short and simple.        

People can then search out extra info if they wish.

I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.  

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## TERM OF THE DAY:

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## What is.... 

# '  Economies of Scale ' ?

# https://www.raspberrypi.org/app/uploads/2017/05/tumblr_mf4m22ChOe1qbyh74o1_500.gif

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Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger factory will produce power hand tools at a lower unit price, and a larger medical system will reduce cost per medical procedure.

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## Breaking Down... 

####  ' Economies of Scale ' :

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Economies of scale give rise to lower per-unit costs for several reasons.

 First, specialization of labor and more integrated technology boost production volumes. Second, lower per-unit costs can come from bulk orders from suppliers, larger advertising buys or lower cost of capital. Third, spreading internal function costs across more units produced and sold helps to reduce costs. "Internal functions" include accounting, information technology, and marketing.

The first two reasons are also considered operational efficiencies and synergies. The second two reasons are cited as benefits of mergers and acquisitions. 


-- EXAMPLES OF ECONOMIES OF SCALE:

In a hospital, it is still a 20-minute visit with a doctor, but all the business overhead costs of hospital system are spread across more doctor visits and the person assisting the doctor is no longer a degreed nurse, but a technician or nursing aide. 

"Job shops" are those that produce products in groups such as shirts with your company logo. A significant element of the cost is the "set-up." In job shops, larger production runs lower unit cost because the set-up costs of designing the logo and creating the silk-screen pattern are spread across more shirts.

In an assembly factory, per-unit costs are reduced by more seamless technology with robots. (See also, What Are Economies of Scale?)

A restaurant kitchen is often used to illustrate how economies of scale are limited: more cooks in a small space get into each other's way. In economics charts, this has been illustrated with some flavor of a U-shaped curve, in which average cost per unit falls and then rises. Costs rising as production volume grows is termed "diseconomies of scale." 


-- LIMITS TO ECONOMIES OF SCALE:

Management technique and technology have been focusing on limits to economies of scale for decades. Today:

Set-up costs are lower due to more flexible technology and equipment is priced more closely to match production capacity, enabling smaller producers such as steel "mini mills" and craft brewers to compete more easily.

Outsourcing of functional services make costs more similar across businesses of various sizes. These functional services include accounting, human resources, marketing, treasury, legal, and information technology.

Micro-manufacturing, hyper-local manufacturing, and additive manufacturing (3D printing) can lower both set-up and production costs. Global trade and logistics have contributed to lower costs, regardless of the size of an individual plant. 

In aggregate, the average cost of tradable goods has been falling in industrial countries since about 1995.



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Your Friend in Liberty, Barry.  

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### Trading Candle Cheat Sheet: 

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![](https://steemitimages.com/DQmNt9DMeZvh8LbWJpR2RAnTA11e51A9W2EB5xuv2cpuYQu/image.png)


###### [Further Reading/Source/Resources](https://www.investopedia.com)


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### Friend of the People -- Enemy of the State. 

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https://i.imgur.com/iHrKXYo.jpg

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## Bitshares 101 Focus/Resources Section: 

#### for New Crypto Folks. 

##### https://bitshares.org/

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![](https://steemitimages.com/DQmbue1DC4HAwzemUCBXLHdJcCg9jS1aTM8MWS2GNbvFX7b/image.png)

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-- Bitshares is a Trading platform, and a LOT more.... designed by blockchain wizard here Dan Larimer - @dan / @dantheman.

I've blogged on him, and BTS many many times.  

It's a place you can use that is decentralized, with an active community, to use trading lessons like this, that we are learning together.  


#### Just a few of my past $BTS blogs....

##### to help you apply lessons today!

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https://steemit.com/bitshares/@barrydutton/crypto-101-series-stan-larimer-the-godfather-of-bitshares-and-father-of-blockchain-liberty-genius-dan-larimer-interview-recently

https://steemit.com/bitshares/@barrydutton/will-blockchain-guru-dan-larimer-be-called-in-to-save-ethereum-as-crypto-kitties-grinds-eth-chain-to-a-halt-the-irony

https://steemit.com/cryptocurrency/@barrydutton/dan-larimer-video-interview-on-epicenter-recently-this-is-a-must-watch-listen-an-in-depth-look-chat-about-his-past-crypto-life

https://steemit.com/steemit/@barrydutton/dan-larimer-community-musical-tribute-post-a-music-video-to-say-thanks-and-best-wishes-to-our-steemit-co-founder

https://steemkr.com/bitshares/@barrydutton/so-tether-project-was-hacked-another-use-case-for-bitshares-and-dan-larimer-blockchain-genius-which-remains-undervalued-and


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Thanks for reading, have a nice day.      

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###### PixaBay has tons of free pictures for us all to use!!!     

###### Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/    



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http://i.imgur.com/68SXQpW.gif

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### If you liked this blog post - please Resteem it and share good content with others!

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#### Some of my recent blogs: 

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https://steemit.com/crypto-news/@barrydutton/5choz7-the-crypto-bloodbath-continues-i-usually-speak-about-perspective-being-a-key-to-things-like-this-today-is-no-different

https://steemit.com/freedom/@barrydutton/272uqi-what-is-liberland-overview-for-new-steemit-liberty-folks-ron-paul-official-speech-recently-at-anarchapulco

https://steemit.com/bitcoin/@barrydutton/cryptocurrency-on-hodl-what-are-you-hodl-g-or-sodl-g-today-26-or-origin-of-hodl-always-included-for-newer-crypto-folks

https://steemit.com/gold/@barrydutton/steemit-gold-silver-report-real-straight-talk-on-gold-right-now-rick-rule-amir-adnani-part-1-video-4-mins

https://steemit.com/crypto-news/@barrydutton/canadian-crypto-mining-computers-heat-winnipeg-business-while-mining-story-makes-national-news-mining-companies-relocating-there





Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay.  Today: 

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##### <center>If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE  

EOS (EOS)   -   0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC)  - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv  

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL              

 

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##### Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone.  I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.   

###### This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.

###### I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.                                                                                    

###### Carry On.                                                                                               
 
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