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What is an economy of scale? |
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Economy of scale refers to things costing less per unit if many units are ordered. This happens for many reasons such as lower transportation costs per unit (orders come by truckloads and shiploads), tooling can be made and processes refined for larger production numbers, etc.
First answer by Eric M Jones. Last edit by Eric M Jones. Contributor trust: 506 [recommend contributor]. Question popularity: 15 [recommend question]
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