Ask Question
14 June, 10:54

What is it meant by economies of scale?

+4
Answers (1)
  1. 14 June, 12:58
    0
    Economies of scale refers to the cost advantage that emerges or become visible with higher or improved output of a product. There is an inverse relationship between the quantity proposed and per unit fixed costs therefore, if the product or good is produced in large or high quanity the per unit fixed cost goes down because it can already be shared with other large number of goods. There are two types of economics of sale, the internal and of course the external.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is it meant by economies of scale? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers