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 The Economy of Scale

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Join date : 2010-04-29
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The Economy of Scale Empty
PostSubject: The Economy of Scale   The Economy of Scale EmptyThu Apr 29, 2010 11:58 pm

Economies of scale, in microeconomics, are the cost advantages that a business obtains due to expansion. They are factors that cause a producer’s average cost per unit to fall as scale is increased. Economies of scale is a long run concept and refers to reductions in unit cost as the size of a facility, or scale, increases.

Source: wikipedia.org : research papers

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