HSC Together Year 11 Economics: Economies of Scale

Economics

Back to other subjects

Economies of Scale

An Overview of Economies of Scale

This post will help enhance your understanding of economies of scale, in line with your Prelim Economics syllabus. Economies of scale refer to the reductions in a firm’s average costs as output increases. In other words, they are the ‘savings of size’ if a firm is able to increase the size or scale of its production process in the long run.

The videos below look at economies of scale and diseconomies of scale, and characteristics of each.

 

Economies of Scale

 

 

Diseconomies of Scale

 

45,861 students have a head start...

Get exclusive HSC content & advice from our team of experts delivered weekly to your inbox!

Here’s how we help...

Holistic K-12 Tutoring

Attend our master-class workshops on how to ace your essays, assessments and exams!

Comprehensive Workshops

Attend our master-class workshops on how to ace your essays, assessments and exams!

AOS asset - Rocket

Study, Uni, Career Mentoring

Attend our master-class workshops on how to ace your essays, assessments and exams!

Senior School Workshops

Attend our master-class workshops on how to ace your essays, assessments and exams!

45,861 students have a head start...

Get exclusive study content & advice from our team of experts delivered weekly to your inbox!

AOS Website Asset 2

Looking for Academic Support?

Discover how we can help you!

AOS Website Asset 1