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Economies of scale is when a company is able to buy more for less. What does this mean? The bigger the company, the more financial power they have. So if you think about bulk buying (a type of economies of scale) you’re buying a lot of units at a rate that’s less than if you were to buy those units individually. Feel free to ask anything if that doesn’t make sense 👍🏼
Asked by William
What is the best way to remember specific dates etc.. without making pneumonics?