What is a Economies of Scale?

Internal Economies of Scale · Specialization

ECONOMIES OF SCALE definition: the reduction of production costs that is a result of making and selling goods in large quantities… Learn more

pg soft™ THE theory of the economies of scale is the theory of the relationship tween the scale of use of a properly chosen combination of all product

gofen 400 The two concepts economies of scale and economies of size describe what happens to production or costs when the size of the firm changes