The cost advantages that manufacturers get from high-volume production are known as
A) economies of scale.
B) economic development.
C) spatial diffusion.
D) spatial economies.
E) agglomeration economies.

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that manufacturers get from high-volume production. This can include lower costs for raw materials, labor, and equipment, as well as increased efficiency in production processes.

The Cost Advantages That Manufacturers Get from High-Volume Production Are