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      • Economies of scale. Economies of scale apply to a variety of organizational and business situations and at various levels, such as a production, plant or an entire enterprise. When average costs start falling as output increases, then economies of scale are occurring. Some economies of scale, such as capital cost of manufacturing facilities...
      en.m.wikipedia.org/wiki/Economies_of_scale
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  2. Economies of scale - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scale

    Economies of scale is a concept that may explain real-world phenomena such as patterns of international trade or the number of firms in a market. The exploitation of economies of scale helps explain why companies grow large in some industries.

  3. Economy - Wikipedia

    en.wikipedia.org/wiki/Economies

    In the economies of modern consumer societies phase there is a growing part played by services, finance, and technology—the knowledge economy. In modern economies, these phase precedences are somewhat differently expressed by the three-sector theory. [citation needed]

  4. Economies of Scale Definition - Investopedia

    www.investopedia.com/terms/e/economiesofscale.asp

    May 20, 2019 · Economies of scale is the cost advantage that arises with increased output of a product. Economies of scale arise because of the inverse relationship between the quantity produced and per-unit ...

    • Will Kenton
  5. Economies of scope - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scope

    Economics. The term and the concept's development are attributed to economists John C. Panzar and Robert D. Willig (1977, 1981). Whereas economies of scale for a firm involve reductions in the average cost (cost per unit) arising from increasing the scale of production for a single product type, economies of scope involve lowering average cost by producing more types of products.

  6. economies of scale - Wiktionary

    en.wiktionary.org/wiki/economies_of_scale

    Wikipedia economies of scale pl ( normally plural , singular economy of scale ) ( economics , plural only ) The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit.

  7. Economies of agglomeration - Wikipedia

    en.wikipedia.org/wiki/Economies_of_agglomeration

    Economies of agglomeration or agglomeration effects are cost savings arising from urban agglomeration, a major topic of urban economics. One aspect of agglomeration is that firms are often located near to each other.: 1 This concept relates to the idea of economies of scale and network effects.

  8. External Economies of Scale Definition - Investopedia

    www.investopedia.com/terms/e/externaleconomiesof...

    Apr 18, 2019 · External economies of scale imply that as the size of an industry grows larger or more clustered, the average costs of doing business within the industry fall. This may occur due to increased ...

    • Troy Segal
  9. Category:Economies of scale - Wikimedia Commons

    commons.wikimedia.org/wiki/Category:Economies_of...

    economies of scale the cost advantages that enterprises obtain due to size, throughput, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output

  10. Economies of scale is a concept that may explain real-world phenomena such as patterns of international trade or the number of firms in a market. The exploitation of economies of scale helps explain why companies grow large in some industries.

  11. Economies of Scale: Definitions, Types and Examples

    www.thestreet.com/.../economies-of-scale-14769645

    Nov 06, 2018 · Economies of scale describe the link between the size of a company and its product production cost. Learn more about the different kinds and what they can mean for you.