Economies of Scale in One Minute: Definition/Theory, Explanation and Examples
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YouTubeOne Minute Economics
Economies of Scale in One Minute: Definition/Theory, Explanation and Examples
Economies of scale... there's a textbook example of a term everyone claims to understand but few people do, at least not in a meaningful manner. Leaving definitions and the theory dimension aside, economies of scale is a term that refers to situation in which as your business grows, you are able to lower your cost per unit. Examples include ...
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