Differentiate between(i) Internal Economies and Internal Dis

Question

Differentiate between

(i) Internal Economies and Internal Diseconomies of Scale.
(ii) Public good and Merit good

06 Jul 2022

Answer :

Word Count : 342

(i) Internal Economies and Internal Diseconomies of Scale.

Internal economies of scale help firm in reducing the marginal cost or average cost per unit. Internal economies can bring maximum productivity and efficiency. Advantages of Internal and External economies of scale are it helps in skyrocketing the organization’s production cost i.e. it expands the production scale for a _______ _________ ______ _________ _______ _________ ______ ________ ________ ___ ______ ____.
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