Economies of scale definition what are they?

What is economies of scale? economies of scale Economies of scale refer to the cost advantages a company gains with the increase in production This happens because production costs can now be spread over a pursuit of happiness ECONOMIES OF SCALE definition: the reduction of production costs that is a result of making and selling goods in large quantities… Learn more

gates of olympus First cousins to economies of scale are economies of scope, factors that make it cheaper to produce a range of products together than to produce