What is are economies of scale?

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

Answered by Jake P. Economics tutor

929 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is a Macroeconomic consequence of an increase government spending?


What are economies of scale?


What is the difference between the current account deficit and the government deficit?


Explain how a fall in interest rates can affect total spending in the economy.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy