Internal economies of scale
What Internal economies of scale means in Economics A-Level, as defined for AQA.
Definitions of Internal economies of scale
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Reference: AQA
Falling long-run average costs due to the expansion of the individual firm, arising from the growth of the firm itself.
Arise from the growth of the firm itself, leading to movements along a downward-sloping long-run average cost curve.
Topics that use Internal economies of scale
- Economies and diseconomies of scale (AQA A-Level)
Related terms
- Alienation
- Diseconomies of scale
- Economies of scale
- Empirical evidence
- External economies of scale
- Long-run average cost (LRAC) curve
- Market structure
- Minimum efficient scale
Using Internal economies of scale in the exam
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