What is economies of scale?

economy of scale  Economies of scale are separated into internal economies of scale and external economies of scale ( 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

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 Walmart is another example of a company that benefits from economies of scale By operating a large number of stores and purchasing goods in large quantities,

This video looks at the concept os economies and diseconomies of scale! If you enjoyed the Internal Economies of Scale · Specialization