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Economies and Diseconomies - Coggle Diagram
Economies and Diseconomies
Economies
Internal Economies
Managerial Economies
Marketing Economies
Financial Economies
Technical Economies
Risk-bearing Economies
Purchasing Economies
Cost benefits that an individual firm can enjoy when it expands
External Economies
Cost benefits that all firms inside the industry can enjoy when the indistry expands
Skilled labour
Infrastructure
Co-operation
Accilary and commercial services
As a business increase its size, average costs start to fall
Diseconomies
Bureaucracy
Labour relations
Control & Coordination