+Economies of scale describe the phenomenon where the cost per unit of production falls as output rises. As a firm grows, it can achieve greater efficiency through bulk purchasing, specialized labor, or advanced [Technology](/wiki/technology), creating a competitive edge. This concept is fundamental to understanding market structures and [Industrial Organization](/wiki/industrial_organization).
+## See also
+- [Diseconomies of Scale](/wiki/diseconomies_of_scale)
+- [Returns to Scale](/wiki/returns_to_scale)
+- [Production Cost](/wiki/production_cost)
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