Economies of scale cannot arise without the use of technologically advanced methods of production.

Name: Economies of scale cannot arise without the use of technologically advanced methods of production.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economies of scale can arise from various factors such as specialization of labor, efficient organization of production, and access to cheaper raw materials or transportation. While technology can certainly contribute to achieving economies of scale, it is not a necessary condition.

Economies of Scale Cannot Arise Without the Use of Technologically