Learning effects are the direct result of economies of scale in operations.

Question

Quizplus · Accepted Answer

Learning effects refer to the improvement in efficiency and productivity that comes from experience and increased knowledge. Economies of scale, on the other hand, refer to the cost advantages that come from increasing the scale of production, such as lower per-unit costs of raw materials or overhead expenses. While learning effects may contribute to economies of scale, they are not the same thing.

Learning Effects Are the Direct Result of Economies of Scale