What is economies of large scale In Increasing employment opportunities in the export-oriented industries Economies of Large-scale: Foreign - Business Studies - International Business

Question

What is economies of large scale?

Tanu Jain · Accepted Answer

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

Regards,