How can you use economies of scale to grow your firm?

economies of scale  Economies of scale cause unit costs to decline as the number of units produced increases This occurs because fixed costs are spread over Economies of scale refer to the notion that average cost falls as the firm expands Conversely, diseconomies of scale occur when expansion incurs increasing

Economies of scale serve as a potent tool for firms to gain cost advantages and expand their market presence The benefits include reduced per- Economies of Scale

This fall in average costs as output increases indicates that a business is benefitting from economies of scale This reduction in average costs is what gives Economies of scale are the cost advantages that an enterprise gets when it increases the size of its operations