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Topic: Business
Number of pages / Number of words: 20 / 5579
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“The more I produce, the cheaper my final product is”.

Specialization (Adam Smith, 1776) is fundamental to reach economies of scale. He explains how workers even unskilled can increase the production just in repeating the same task. With time, tasks will be better and faster performed and the production will increase in less time and at lower cost, that lead to the emergence of economies of scale...


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“The more I produce, the cheaper my final product is”.

Specialization (Adam Smith, 1776) is fundamental to reach economies of scale. He explains how workers even unskilled can increase the production just in repeating the same task. With time, tasks will be better and faster performed and the production will increase in less time and at lower cost, that lead to the emergence of economies of scale...


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