The concept of economies of scale means that as the measure of output goes up, average costs of production decline, at least up to a point.
In microeconomics, the economies of scale refers to cost advantages that enterprises obtain because of their scale of operation and are typically measured by the amount of output produced per unit of time.
At basis of economies of scale, there can be technical, statistical, organizational or related factors to the degree of market control. An economies of scale apply to a variety of the organizational and business situations and at various levels such as a production, plant or an entire enterprise.
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