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What is scale of economics.?

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Teacher and Mentor for Management Stream. Expert in Personality development, Life coaching skills.

When production are done at large level then capital like plant and machinery are used in efficient manner then production is done in least cost then you get advantage of high output, division of labor, specialisation these are called sacle of economics.
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Economies of scale often have limits, such as passing the optimum design point where costs per additional unit begin to increase.
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word it as 'economies of scale'. This concept is applicable to all situations where you have to spend certain fixed cost irrespective of the number of units
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n microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, 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. n microeconomics, economies of scale are the...
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n microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, 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. n microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, 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. read less
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Accountancy for CBSE, ISC, PUC 11th/12th, BBA, BCom and MBA

First of all you may righly word it as 'economies of scale'. This concept is applicable to all situations where you have to spend certain fixed cost irrespective of the number of units produced. Say in simple terms, if three people travel in an auto instead of 1 you may divide the expenses amoung yourselves....
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First of all you may righly word it as 'economies of scale'. This concept is applicable to all situations where you have to spend certain fixed cost irrespective of the number of units produced. Say in simple terms, if three people travel in an auto instead of 1 you may divide the expenses amoung yourselves. This cost advantage is explained as 'economies of scale'. read less
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INCREASE OUTPUT WITH MINIMUM INPUT
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In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, 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.
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