In the study of economics
2006-07-04 21:31:13 · 4 answers · asked by kandie 1 in Education & Reference ➔ Homework Help
Now I could be wrong on this as I don't have a lot of economic knowledge but large scale production means that the country produces a lot of products. They produce products on a large scale.
They have a lot of industrial and productive power.
2006-07-04 21:35:15 · answer #1 · answered by James F 2 · 0⤊ 0⤋
When you prepare a dinner for 1 person it has a certain cost.
When you prepare the same dinner for 10 persons, it will work out cheaper per person.
In the case of a dinner the gain is mostly in time and time=money, right?
In the case of production there is money to be saved in many areas.
So basically, the more units that are produced, the lower the per unit cost becomes.
2006-07-05 04:38:16 · answer #2 · answered by Hi y´all ! 6 · 0⤊ 0⤋
economies of large scale production means: to buy raw materials in large scale or in bulk so that we can purchase it in lower price than before & hence we can increase our profits.
2006-07-05 04:42:14 · answer #3 · answered by kin 1 · 0⤊ 0⤋
doing things on a large scale often means you can make savings or get discounts.
2006-07-05 04:37:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋