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Give the classification of economies of scale of production. - Economics

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Give the classification of economies of scale of production.

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Solution

Types of economies of scale Description
Internal economies of scale These occur within a firm as it increases its scale of production.
External economies of scale These occur within a firm as it increases its scale of production.
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Chapter 10: Concept of Production and Law of Returns - TEST QUESTIONS [Page 10.25]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 10 Concept of Production and Law of Returns
TEST QUESTIONS | Q A. 14. | Page 10.25
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