Sterilities of Scale and What They Say About Economics
Posted May 08 2011 12:00am
You have surely heard the phrase economies of scale meaning that when you make many copies of something each instance costs less than when you make only a few copies. Large companies are said to benefit from “economies of scale” so there is pressure to become bigger. Every introductory economics textbook says something like this.
You have surely heard the phrase economies of scale meaning that when you make many copies of something each instance costs less than when you make only a few copies. Large companies are said to benefit from “economies of scale” so there is pressure to become bigger. Every introductory economics textbook says something like this.