Lowering the cost of each item produced because of high-volume production brought on by demand stimulation is

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Economies of scale refers to the cost savings achieved through high-volume production. As more units of a product are produced, the average cost of each unit decreases, which allows companies to offer lower prices to consumers while maintaining profit margins. This is often achieved through demand stimulation, either through marketing efforts or increasing availability of the product. However, brand loyalty and inelasticity of demand do not necessarily result in cost savings through high-volume production. "Economies of sales" is not a recognized term in economics.

Lowering the Cost of Each Item Produced Because of High-Volume