economy of scale
Economies of Scale: Definition and Types
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This reduction is known as economy of scale Increased labour supply, better specialization, improved technology, and discovery of new resources or better
Economies of scale cause unit costs to decline as the number of units produced increases This occurs because fixed costs are spread over Economies of scale can be defined as: 'the reduction in average costs of production that occur as a business increases its scale of production' Costs in the
สมัครsbobet The meaning of ECONOMY OF SCALE is a reduction in the cost of producing something brought about especially by Historically, regulated utilities and auto manufacturers have enjoyed substantial and stable economies of scale Today, software companies and