analyze in details the types of economies of scale
Answers
Answer:
As mentioned above, there are two different types of economies of scale. Internal economies are borne from within the company. External ones are based on external factors. Internal economies of scale happen when a company cuts costs internally, so they're unique to that particular firm
Answer:
What Are Economies of Scale?
Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable.
Understanding Economies of Scale
Economies of scale are an important concept for any business in any industry and represent the cost-savings and competitive advantages larger businesses have over smaller ones.
Internal Versus External Economies of Scale
There are two different types of economies of scale. Internal economies are borne from within the company. External ones are based on external factors.
Internal economies of scale happen when a company cuts costs internally, so they're unique to that particular firm.
Explanation:
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