Question

internal economics of large scale industry​

Answer 1

Answer:

Internal economies are internal to a firm when its costs of production are reduced and output increases. They “are open to a single factory or a single firm independently of the action of other firms.

They result from an increase in the scale of output of the firm, and cannot be achieved unless output increases. They are not the result of inventions of any kind, but are due to the use of known methods of production which a small firm does not find worth