Pecuniary and Non-pecuniary Economies
The term pecuniary economies is probably due to Viner (1931), who distinguished them from technological ones. It is the latter that are often referred to as non-pecuniary economies. It is helpful to start by distinguishing internal economies from those that are external to the firm, and to deal with them separately.
- Marshall, A. 1920. Principles of economics, 8th ed. London: Macmillan.Google Scholar