explain the economics of scale in large scale production?

Answer 1

bulk buying,
efficiency,
reduce cost of production

Answer 2

one man can do the work of one man in one hour.
the scale of production, now has 20 men here for you to get the products from instead on just one. so when the first hour is over twenty men have produced you a profit in their work for one hour. each only was there working for one hour so add it up how much time took place here to produce you twenty hours of work by the men and you have only in reality moved one hour on the clock,,so go figure. you get a whole planet full of people working and the clock only moves each hour but the population of the planet is multiplied by the number of workers so the huge amount of product can be made by allot of people in a short amount of time

Answer 3

Yes it is true. Because Average fixed cost which dominates the total cost will decline with output.More output more lower average cost.It is called economies of scale.And it can be a natural monopoly.