Economies of Scale

Economies of scale refer to the cost advantage experienced by a firm when it increases its level of output The advantage arises due to the inverse relationship

This reduction is known as economy of scale Increased labour supply, better specialization, improved technology, and discovery of new resources or better

tales of zestiria Stores such as Costco and Walmart are examples of economies of scale They utilize this principle by buying huge quantities of goods in order to receive low

pgsoft สมัคร Diseconomies of scale occur when the cost per unit increases with an increase in the quantity produced This means that any attempt by a firm to increase its