Economies of Scale

Large countries also have economies of scale. More people can produce more goods and seek synergies between other industries within a single country. Scale can also benefit brain power because more people can combine to produce better ideas.

Source: http://en.wikipedia.org/wiki/Economies_of_scale … "Economies of Scale" has a significant impact, so an analyst should put more weight into it. This statements will have a short-term positive impact on this entity, which adds to its value. This statement will lead to an increase in profits for this entity. "Economies of Scale" is a difficult qualitative factor to defend, so competing institutions will have an easy time overcoming it.