Economies of Scale — Mr Banks Economics Hub

Economies of Scale economies of scale The basic distinction is between technical economies of scale in production, and dynamic economies of scale in firm level activities such as management, R&D ufamofun As a business grows, it can experience economies of scale close economies of scale Where the average costs fall as the

pg soft Technical: the efficiency gains when a firm increases the scale of its operation yields lower costs per unit For example, buying a bigger factory will cost you