Economies of Scale

Internal Economies of Scale · Specialization

Source: Internal economies of scale refer to the cost advantages a firm can achieve as a result of its own growth and expansion These cost

kickoffx999 Economies of scale refer to these reduced costs per unit arising due to an increase in the total output Diseconomies of scale occur when the output

wheel of life The more the company can produce, ship, and sell, the more the costs of materials and labor decrease per unit So as economies of scale drive down the costs of