The economic advantages available to large factories are known as
A) the Peter principle.
B) the economics of abundance.
C) supply-side economics.
D) economies of scale.

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that large factories or companies experience due to their size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

The Economic Advantages Available to Large Factories Are Known as