Economies of scale: definitions, types and examples

THIS articles concentrates on a comparatively narrow subject-technical economies of scale for plants and firms It discusses the sources of these

The basic distinction is between technical economies of scale in production, and dynamic economies of scale in firm level activities such as management, R&D

yao rooftop bar In economies of scale, businesses can lower the average cost of production by making more of a product

pgslof Economies of scale is a term used to describe situations when the cost of producing a single unit of product decreases when the total number of units