Economies of scale is when countries specialize in the production and export of the goods which they can produce relatively less expensively than other countries

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale. The concept described in the question is comparative advantage, not economies of scale.

Economies of Scale Is When Countries Specialize in the Production