Economies of Scale Explained

Economies of Scale refer to the cost advantage experienced by a firm when it increases its level of output.

[corinnasjourney]

Thank you, this is much easier for me to share with my students so they can have a clearer understanding. Some videos out there are not quite at the right level for my tauira, so thank you. Kapai

[SevenDeMagnus]

Cool. This isn't automatic though, suppliers may not offer discounts if they don't have competition (like most in Hong Kong) and they could maintain prices if there's no competition.

God bless, Rev. 21:4

[ayilalinda]

Thanks but I need a full answer to my question