What is are economies of scale?

The idea that once a company expands, the production costs get proportional smaller to produce each product.

JP
Answered by Jake P. Economics tutor

1656 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is the difference between an inferior good and a normal good?


Explain what a balance of trade deficit is


What is the difference between a contractionary and expansionary fiscal policy?


Explain the impact on a firm due to an increase in the minimum wage.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning