What are Economies of Scale?

economies of scale Economies of scale refer to these reduced costs per unit arising due to an increase in the total output Diseconomies of scale occur when the output

In summary, internal economies of scale are firm-specific and result from actions taken by the firm itself, while external economies of scale kickoffbet th Economies of scale can be defined as: 'the reduction in average costs of production that occur as a business increases its scale of production' Costs in the