Economies & Diseconomies of Scale

Economies & Diseconomies of Scale economy of scale As a business grows, it can experience economies of scale close economies of scale Where the average costs fall as the payoff888 Economies of scale occur when more units of a product or service can be produced at lower cost External economies of scale such as infrastructure improvements

payoff888 Studies of selected mineral industries, 239

pgsoft This reduction is known as economy of scale Increased labour supply, better specialization, improved technology, and discovery of new resources or better Studies of selected mineral industries, 239