What is a Economies of Scale?

What is a Economies of Scale? economy of scale Economies of scale allow companies to save a lot on cost per input A company could decide to invest the money from the savings of scaling up the business to doofootball 66 golf Economies of scale have been at the heart of developments in economic theory in the past two decades Breakthroughs in the field of industrial

doofootball 66 golf Economies of scale means a business has decreased cost-per-item while increasing their output Diseconomies of scale means that a company is facing increased

oofos The more the company can produce, ship, and sell, the more the costs of materials and labor decrease per unit So as economies of scale drive down the costs of Summary · External economies of scale refer to factors that are beyond the control of an individual firm, but occur within the industry, and lead to a cost