One of the advantages of large scale production is that

Assessment: WAEC SSCE - Economics - 2002 (Objective) Subject: Economics

Question 1 Report

One of the advantages of large scale production is that
Answer Details
One of the advantages of large scale production is that the firm can use labor-saving machinery. Large scale production means producing goods in large quantities, which requires a lot of labor. However, by using machinery to automate certain tasks, the amount of labor required can be reduced, which can result in cost savings for the firm. Machinery can also increase production efficiency and consistency, resulting in higher quality products at lower costs. This can give the firm a competitive advantage by allowing them to offer their products at a lower price than their competitors.

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