Question

significance of economics of scale​

Answer 1

Answer:

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. Most consumers don't understand why a smaller business charges more for a similar product sold by a larger company.

Answer 2

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. Most consumers don't understand why a smaller business charges more for a similar product sold by a larger company.