3.4.3 Economies and diseconomies of scale
Topic 3.4.3 - Economies and diseconomies of scale This section of the Cambridge IGCSE Economics (0455) syllabus has two learning outcomes: Economies and diseconomies of scale Economies of scale enable a firm to benefit from lower average costs (the cost per unit) by increasing the size of its operations. Hence, economies of scale are often described as the cost-saving benefits enjoyed by a firm as it grows in size....