Types of economies of scale

Types of economies of scaleTechnicallarge capital equipment with high fixed costsSpecialisation Divisiiion of labour and specialisation within production - moe efficient with high outputBulk buyingLower average costs for buying large quantityMartketingNational ad campaign more efficient for high salesRisk bearingBigger firms more able to survive downturnsContainer principle Increase in surface area leads to double the increase in volumeFinancial Larger firm gets better rate of interest from bankExternal When a firm benefits from the whole industry increasing in sizehttps://www.economicshelp.org/blog/326/concepts/economies-of-scale-examples/