What is economies of scale?

economy of scale  Studies of selected mineral industries, 239  The two concepts economies of scale and economies of size describe what happens to production or costs when the size of the firm changes

Economies of scale refer to economic efficiencies that result from carrying out a process on a larger scale Scale effects are possible What Are Economies Of Scale? The theory of economies of scale was proposed by Adam Smith The theory posits that if economies of scale can be obtained, a

The specific way an economy of scale works depends on the goods or services being produced It may be as simple as extending operating hours to Economies of scale occur when a company reaches a certain level of production where the cost of production will not be increasing, instead it is reduced Such a