Originally Posted by evol_tn
Economies of scale can be of two kinds: internal economies
and external economies. Internal economies of scale are those
which arise from the firm increasing its plant size. On the other
hand, external economies arise outside the firm-from improvement
(or, deterioration) in the environment in which the firm
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Hey friend, thanks for sharing the information and it is really helpful for many people. Well, economies of scale is the cost advantage that comes with improved output of a item or product. BTW, i am also sharing a document which will explain it in more detail.