What is economies of large scale?

What is economies of large scale? In Increasing employment opportunities in the export-oriented industries. Economies of Large-scale: Foreign trade facilitates specialisation of a country in the Of certain goods. This will help to carry on production of some commodities not only for home consumption but also for external consumption. This will lead@ several economies of large-scale production. The resources will also be utilised in a better way.

Dear Student,
In simple terms Economies of large scale means when more units of goods and services are produced by a firm or an organisation with fewer inputs and fewer resources which leads to a reduction of cost. In other terms, it means efficient utilisation of the resources and producing more goods and services. This effect of economies of large scale of production is lead to reduce the average or per unit cost of production.


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