Economies of scale are created by greater efficiency of capital and by:

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13-01-2018
Business

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Economies of scale are created by greater efficiency of capital and by:

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Kalahira Kalahira · Answer 1 · 2018-01-26T00:24:12+01:00

Kalahira Kalahira

26-01-2018

Economies of scale are created by greater efficiency of capital and by increased specialization of labor. This means workers learn and perform labor duties that are specialized and narrow in focus. Specialization of labor ultimately leads to an increase in production.

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