What Are Economies Of Scale

[videospaz10]

This guy sounds exactly like Ali G. Keep on the accent

[alexgeekcouk]

You over-advertise your site and mislead people into thinking that your google text adverts are specifically chosen links relating to economies of scale. This is a pointless video to advertise adverts essentially.

[jcoolman01]

hi im a yr 11 economics student and im doing economies of scale for my 1/2 yearly's and this is my main idea can you tell me if its right or not.

economies of scale is the concepts that as a firm starts to produce more the fixed costs become shared and the individual cost of a good goes down.

and is this like when you buy in bulk it becomes cheaper or because after a while the individual cost of making something goes down after you have the capital to do so.

[jcoolman01]

@jcoolman01 i.e the first good cost $10 to make but if you produce more the price  of the good goes down to $5. ect.

[SkaterG62]

these are economies of gay

FAIL

[alexsweppers]

Anyway yaaaa maaan love y accent!

[alexsweppers]

hmmm......

take the motor car.

to make the bonnet for the car (or hood in the US!) you need to make a press that costs £10m.

The first bonnet costs £10m (put simply). However, if you manage to sell 10 million cars then the proportionate cost is just £1 per bonnet - that's the real world concept dude.

Easy

[jimnkristy]

Im a business major and need to just make a comment. Many people do a search for info like this due to the fact that they dont understand it. I noticed that throughout the video, you use quite a bit of jargon, i.e. units, production, etc.. You really should make it even simpler to understand. I know this sounds very remedial, but that is truly the best way to make it understandable for someone with no business knowledge.

[erszebet]

hahahahaah lmfao,JIMNKRISTY IS FOR PRESIDENT!

[inconformant]

makes him sound hella smart tho!

[kieranace]

@jimnkristy you are a business major and you think "units" and "production" is jargon? i doubt you will pass.

[NaNAPapillon]

nice