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1 | Economies of scale (EoS) are cost or investment advantages utilized by companies or individuals when they increase the scale of the purchase or investment. |
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3 | A few typical examples of Economies of Scale (EoS) |
4 | 1. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. |
5 | 2. A company is offered cheaper unit price when they are making a purchase in bulk. |
6 | 3. A wealthy individual is offered better interest rates by the bank when they are investing larger sums of money. |
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8 | For example, a middle-class person buying one ASIC miner spends more per the miner than a wealthy person buying 100 ASIC miners. |
9 | https://www.alibaba.com/showroom/asic-miner.html |
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