Economies of Scale

What Are Economies of Scale? economies of scale Definition ; Economies of scale is a concept of Economics that suggests that when a company reaches a point where the production cost is decreasing due to bulk fof The left-hand portion of the long-run average cost curve, where it is downward-sloping from output levels Q1 to Q2 to Q3, illustrates the case of economies of

doofootball Internal Economies of Scale These are those which arise from the expansion of the plant size of the firm They are specific to the individual firm These are