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• 22:29, 6 October 2026 Park Jihae talk contribs created page Economies of Scale (Jihae) (Created page with "== '''Economies of Scale''' == thumb|300px === '''Definition''' === <p>'''Economies of scale''' take place when the cost of producing a product reduces as production volume increases. Simply put, it is referring to the cost advantages a business gains when it increases production. By spreading both fixed and variable costs over more units, it will help decreasing the average cost per unit. There are two types of economies of scale, '''inter...")