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What is the definition of economies of scale ?

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Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/08/10
Tomasz L
by Tomasz L , Reporting Specialist , Outworking

The greater the quantity of a good produced, the lower the cost per unit. It is not clear definition but the most common rule in consulting area: if you double the scale of production, you costs will increase only by 70-80 %.

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