ECON OF SCALE
- Created by: courtroberts
- Created on: 08-03-17 09:36
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- A fall in LRAC as output increases
- INTERNAL EOS
- Financial
- Risk Bearing
- Managerial
- Economies of scale
- EXTERNAL EOS
- Labour
- saturated area = more grads looking for work = low training costs
- Ancillary
- Smaller firms supporting established firms in area
- Co-operation
- Firms in same industry working together
- Labour
- Diseconomies of scale
- Communicate failures
- Difficult coordinating tasks
- control of large firms = demanding
- EXTERNAL EOS
- Bulk Buying
- Technological
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