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Economics, Accounting & Business: Post your doubts here!

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hey guys plz answer the following questions
1)Discuss how a government’s macro-economic policies might affect the ability of businesses to achieve their objectives.
2)
Discuss the importance of effective stock management for a manufacturer.
 
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Can i get a good definition for economies of scale, fiscal policy, productivity

a standard answer
Economies of scale is the avg cost reduction that arises with the increase in operation,it could either be internal– arising from within the company; and External – arising from extraneous factors such as industry size.
fiscal policy is concerned with decision about govt expenditure,tax rates and govt borrowing.these operate largely through the govt's annual budget decision.
A measure of efficiency of a person, machine,system or factory etc in converting inputs into useful outputs.(these are 2 or 3 marks answer)
 
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Economies of scale is the avg cost reduction that arises with the increase in operation,it could either be internal– arising from within the company; and External – arising from extraneous factors such as industry size.
fiscal policy is concerned with decision about govt expenditure,tax rates and govt borrowing.these operate largely through the govt's annual budget decision.
A measure of efficiency of a person, machine,system or factory etc in converting inputs into useful outputs.(these are 2 or 3 marks answer)
Economies Of Scale is long run ...... we lose a mark if we dont mention that
 
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Part exchange and impairment - explanations please
Is the double entry for part exchange DR non current assets and CR disposals?
 
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