Economics GCSE
External economies of scale
What External economies of scale means in Economics GCSE, as defined for AQA.
Definition of External economies of scale
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Reference: AQA
Cost benefits that occur when the whole industry grows, reducing average costs for every firm in that industry within a specific geographical area.
Topics that use External economies of scale
- Economies of scale (AQA GCSE)
Related terms
- Communication problems
- Competitive advantage
- Coordination and control issues
- Economies of scale
- Fixed costs
- Internal economies of scale
- Purchasing economies
- Average costs
Using External economies of scale in the exam
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