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Economies of Scale

Business and Strategy, Microeconomics

Economies of Scale: Types, Benefits, How to Achieve It

Updated on April 8, 2022 · By Ahmad Nasrudin Tag: Business Growth, Economies of Scale

Economies of Scale Types Benefits How to Achieve It

What it is: Economies of scale are the cost savings when a company increases its production scale. An increase in output allows the firm to reap a decreasing average cost of production. Production becomes more efficient because the firm can

Tag: Business Growth, Economies of Scale

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