Economies of Scale - Meaning, Examples, Graph
economy of scale INTERNAL ECONOMIES: This happens when better use is made in factors of production within the firm and by increasing output the factors in the internal economies
External economies of scale External economies of scale result from external factors outside the company's control, such as the industry, allure 168 official ECONOMIES OF SCALE definition: the reduction of production costs that is a result of making and selling goods in large quantities… Learn more
economy of scale INTERNAL ECONOMIES: This happens when better use is made in factors of production within the firm and by increasing output the factors in the internal economies
legend of perseus pg External economies of scale External economies of scale result from external factors outside the company's control, such as the industry,
ECONOMIES OF SCALE definition: the reduction of production costs that is a result of making and selling goods in large quantities… Learn more