What are Economies of Scale?

Definition ; Economies of scale is a concept of Economics that suggests that when a company reaches a point where the production cost is decreasing due to bulk

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

kickoff999 Purchasing Economies of scale in purchasing come from consolidating raw material sources and paring down a company's supplier base By purchasing on a global

king of wands ความหมาย Economies of scale refer to the cost advantage experienced by a firm when it increases its level of output The advantage arises due to the inverse relationship