What Are Economies of Scale? Definition, Types & Example

What Are Economies of Scale? economies of scale In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the pgsoftpgsgamein Learn what economies of scale are, the different types of internal and external economies of scale, what a diseconomy of scale is and relevant examples

pg soft png Economies of scale occur when more units of a product or service can be produced at lower cost External economies of scale such as infrastructure improvements