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What does IRTS stand for?

IRTS stands for Increasing Returns to Scale

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of IRTS

Other Resources:
We have 19 other meanings of IRTS in our Acronym Attic

Samples in periodicals archive:

If output increases by more than that proportion, there are increasing returns to scale (IRS), Specifically, a company achieved scale efficient (namely constant return to scale) only if it operates at the bottom of the assumed U-shaped curve, In this study, we examine the nature of the scale efficiencies by determining the number of firms operating under constant, increasing, and decreasing returns to scale.
On the other hand, in the literature, it is also recognized that a larger population may be beneficial for industrialization since it makes the adoption of increasing returns to scale technologies more profitable.
In the case of increasing returns to scale and decreasing returns to scale, however, an increase in TFP would lead to smaller and larger changes, respectively, in labor demand.