Economies of Scale - Meaning, Examples, Graph

Economies of Scale: What Are They and How Are They Used? economies of scale Economies of scale refer to the notion that average cost falls as the firm expands Conversely, diseconomies of scale occur when expansion incurs increasing queen of hearts Learn what economies of scale are, the different types of internal and external economies of scale, what a diseconomy of scale is and relevant examples

gofx In economies of scale, businesses can lower the average cost of production by making more of a product