Business
Economies of Scale Explained: 2 Types of Economies of Scale
Written by MasterClass
Last updated: Jun 7, 2021 • 3 min read
In economies of scale, businesses can lower the average cost of production by making more of a product.
Written by MasterClass
Last updated: Jun 7, 2021 • 3 min read
In economies of scale, businesses can lower the average cost of production by making more of a product.