Register now or log in to join your professional community.
Both economies of scale and economies of scope are conceptually the same, and the nature of these two can change the structure of the competition in the industry over a time, as well as the profitability of supplying to consumers. They both provide companies ways of increasing the market share and being competitive.
Read more: http://www.differencebetween.com/difference-between-economies-of-scale-and-vs-economies-of-scope/#ixzz2pSECb5pA
I know that economies of sclae stands for increasing productivity to minimize overheads per unit of production. I guess that economies of scope will be based on the agreed targets.
With economies of scale you can do the same thing for a lower cost (higher productivity). With economies of scope you can broaden the scope of your project (do more things) without increasing the overall cost
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.