Economies of scope are efficiencies formed by variety not volume the latter concept is economies of scale for example many corporate diversification plans . Learn about economies of scope and economies of scale the difference between the two economic concepts and how they offer cost advantages to companies. Economies of scale economies of scale are factors that cause the average cost of producing something to fall as the volume of its output increases hence . Economies of scope are economic factors that make it cheaper to manufacture a variety of products together instead of on their own. Economy of scale is a concept that arises in the context of the production of a good or service and other similar activities undertaken by organisations this
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