Question

Explain Economies
and diseeconomies
​

Answer 1

Answer:

Economies :- An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.

Diseconomies :- diseconomies of scale are the cost disadvantages that economic actors accrue due to an increase in organizational size or in output, resulting in production of goods and services at increased per-unit costs. The concept of diseconomies of scale is the opposite of economies of scale.

Explanation:

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Answer 2

Answer:

1. Economies of scale are when the cost per unit of production (Average cost) decreases because the output (sales) increases.
2. Diseconomies of scale are when the cost per unit of production (Average cost) increases because the output (sales) increases.

Explanation:

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