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Economics (Exam Revision) > 10 Economies and diseconmies of scale > Flashcards

10 Economies and diseconmies of scale Flashcards

1
Q

Define Diseconomies of scale

A

Rise in average costs when a firm is too big.

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2
Q

Define economies of scale

A

Falling in average costs due to expansion

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3
Q

What are the internal economies of demand?

A

Purchasing economies
Mangerial economies
Risk bearing
Marketing
technincal
fiancial

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4
Q

Diseconomies of scale

A

Technical diseconomies of scale. Inefficiencies in the production process can cause technical diseconomies. …
Organizational diseconomies of scale. …
Purchasing diseconomies. …
Competitive diseconomies. …
Financial diseconomies.

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Economics (Exam Revision) (11 decks)

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