Differbetween
Economies
Difference Between Economies of Scale and Economies of Scope
Economies of scope focuses on the average total cost of production of a variety of goods, whereas economies of scale focuses on the cost advantage tha...
Difference Between Economies of Scale and Diseconomies of Scale
Economies of scale exist when long run average total cost decreases as output increases, diseconomies of scale occur when long run average total cost ...
Difference Between Internal and External Economies of Scale
There are two types of economies of scale: internal and external economies of scale. Internal economies of scale are firm-specific—or caused internall...