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Scale economies |
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Scale economiesIncreasing returns to scale.Similar MatchesEconomies of scaleEconomies of scaleIncreasing returns to scale. Economies of scopeEconomies of scopeScope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately. Economies of scaleEconomies of scaleAchievement of lower average cost per unit through increased production. Dynamic economies of scaleDynamic economies of scaleA form of increasing returns to scale in which average cost declines over time as producers accumulate experience, so that average product rises with total output of the firm or industry accumulated over time. See learning by doing, infant industry protection. Internal economies of scaleInternal economies of scaleEconomies of scale that are internal to a firm; that is, the firm's average costs fall as its own output rises. Likely to be inconsistent with perfect competition. Contrasts with external economies of scale. Further SuggestionsEconomies of scopeExternal economies of scale Economies of vertical integration Diseconomies of scale |
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