What do you mean by economies scale? 2.26K viewsJanuary 3, 2024 Question90.88K June 4, 2019 0 Comments I’ve read that term mainly while doing cost estimation for wind/soar projects. Confused what does that exactly mean. In: Other 4 Answers ActiveNewestOldest Anonymous Posted June 4, 2019 0 Comments I believe it refers to how businesses spend less money on their production because they get bigger. so as the business grows, their average costs go down because of things such as bulk buying, specialization, marketing economies etc. You are viewing 1 out of 4 answers, click here to view all answers. Register or Login
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