Production, Costs, and Revenue · Microeconomics

Business Growth and Economies of Scale

Exploring why firms grow and how size can lead to lower average costs.

Key Questions

  1. 1At what point does a business become too large to be efficient?
  2. 2What incentives drive a firm to merge with a competitor?
  3. 3Who benefits when a local shop is replaced by a global chain?

National Curriculum Attainment Targets

GCSE: Economics - Production, Costs and RevenueGCSE: Economics - Economies of Scale
Year: Year 10
Subject: Economics
Unit: Production, Costs, and Revenue
Period: Microeconomics

Suggested Methodologies

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