1.0爱游戏体育 JargonsSurbhi S/author/authorWhat is Economies of Scale? definition, internal economies of scale and external economies of scale - 爱游戏体育 Jargonsrich600338<blockquote class="wp-embedded-content" data-secret="OcCJqJJa50"><a href="/economies-of-scale.html">Economies of Scale</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="/economies-of-scale.html/embed#?secret=OcCJqJJa50" width="600" height="338" title="“Economies of Scale” — 爱游戏体育 Jargons" data-secret="OcCJqJJa50" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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When there is a fall in the long run average cost of production, due to the increase in output, the economies of scale are said to be achieved. In this way, the production of the firm becomes efficient and it is able to reap cost advantages because costs are distributed over output produced.