Economies of Scale
Economies of Scale and International Trade Economy
In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economies of Scale: (Also known as increasing returns to scale.) Cost savings that occur in production processes where higher output levels allow a firm to employ more productive technology –so that doubling inputs, for example, will result in more than a doubling of output. Economies of scale can be a source of international trade flows apart from comparative advantage if productdifferentiation exists and individual countries are unable to produce a full range of differentiated manufactures themselves (see intra- industry trade).
Resources
See Also
- Enterprise
- Joint Enterprise
- Joint Venture
Hierarchical Display of Economies of scale
Agri-Foodstuffs > Production > Production policy > Production capacity
Business And Competition > Accounting > Management accounting > Costing > Production cost
Economies of scale
Concept of Economies of scale
See the dictionary definition of Economies of scale.
Characteristics of Economies of scale
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Resources
Translation of Economies of scale
- Spanish: Economía de escala
- French: économie d\’échelle
- German: Kostenersparnis durch Großserienfertigung
- Italian: Economia di scala
- Portuguese: Economia de escala
- Polish: Korzyści skali
Thesaurus of Economies of scale
Agri-Foodstuffs > Production > Production policy > Production capacity > Economies of scale
Business And Competition > Accounting > Management accounting > Costing > Production cost > Economies of scale