Startup Terms Glossary
What are Economies of Scale?
Economies of scale are a cost advantage that occurs when output increases. The result is a decrease in product cost. In general, as the quantity of product production increases, the per-unit fixed cost decreases. This happens as fixed costs are spread over more units, and production becomes more efficient.
Economies of scale benefit both company and customer as prices lower as well.
Economies of Scale Examples
Types of economies of scale a startup or company might use:
- Example 1. Internal economies of scale
- Example 2. External economies of scale
Sources of economies of scale:
- Example 1. Purchasing
- Example 2. Managerial
- Example 3. Technological
Here’s a article about economies of scale.
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