Question

What is scale of production?

Answer 1

The scale of production denotes to the aspects used the quantities of commodities produced and the techniques of production adopted by a producer. As production enhances, with the augment in the quantities of land, labour and capital, the scale of production expands.

Answer 2

The scale of production means the quantities of output produced by the producer.

What are the factors of the scale of production?

• The scale of production depends upon the land, labor, and capital
• The production increase with the increase in the number of laborers and capital
• If small quantities of labor and capital are used then the quantity of production becomes less
• The scale of production helps in the growth of the company
• In large scale industries, more skilled laborers are required which changes the quality of output