economies of scale - a quick explanation

[@chrisperrywv]

Thank you. One of my professors started talking about economies of scale the other day and I had NO IDEA what she was talking about.

[@ricardo1234rdr]

You are making such a big impact on all of us A level students, we really appreciate it and i hope when you go to sleep at night you realise that in each of these videos you are basically, helping us to succeed in life! Thank you! x

[@xx1momochilli1xx]

Highly effective, quick, concise and incredibly helpful. Thank you very much

[@hussainalqadhi1198]

Great educational video as usual. You sir, are the best Thank you !

[@zek7353]

I usually go to a different channel for accounting and microeconomics content but this is excellent too. It may be a plain video but you've made absorbing the information extremely simple. Thank you sir!

[@StrikeBack01]

If only all lecturers and textbook authors are like you the dropout rate from university will decrease significantly! thank you very much!

[@Marina-nq4sc]

Yes, thank you for very clear and concise explanations!! Have watched many of your videos. --M. from the Boston, MA area!!

[@Sabretooth335]

Absolutely fantastic video! You explain economies of scale in 10 minutes perfectly, whereas my economics lecturer can't even explain it well after a whole hour! You are most definitely a life-saver.

[@RandomUploader7]

Sir, I applaud you and all you have done to help students around the world. You're actions have changed the lives of thousands, and I thank you for changing theirs and mine for the better. Thank you Phil Holden, the man who made who succeeded where thousands of business teachers failed.

[@henrykitunzi4130]

Finally you have made me understand what economies of scale means. Many thanks

[@patriciailin3970]

Wow. Best video so far. Finally somone made me understand this concept

[@sunidatheshorty]

Totally agree with you! I'm my IB economics is on thursday and Phil has taught me more than I need to know to be prepared! Thanks a lot!

[@hahajustgothacked]

I saw this video almost around 5 times for 6 months... For my final exam(9th grade), for my first mocks, 2nd mocks and my IGCSE board exam!!! i wanna give you a big hug!

[@medals098]

Thank you for all this work you have made to help other students, I have learned much more with all your videos than with my teacher in two years, I have now my IGCSE and you´ve made me understand all the areas that i needed. Thank You

[@NorfoknTube]

You taught me in ten minutes what my teacher couldn't teach my class in 4 hours. Thank you.

[@salemgheit2293]

A magnificently-designed and concise explanation to understand a very vast topic. Many Thanks.

[@janinabroker853]

You are literally the best teacher out there! Thanks a bunch, I really appreciate all your videos.

[@twilightsagalover92]

Thank you so so much, I could never understand this topic in class for some reason but you narrowed it down and I was able to understand it completely within 10 minutes. :)

[@animefan001]

Thank you for the clear, detailed and well explained video. Just what I needed.

[@vsheble]

Thank you, An excellent presentation lucidly delivered!!

[@humayra_285]

very quick but accurate and concise summary, really helped consolidate my knowledge of a tricky topic. Thank you !!

[@abdussamad007]

Thank you very much Phil! this class truly help me to understand economies of scale.

[@Wab0walrus]

as an AS Economics student, you actually came recommended by my Business/Economics teacher as a revision source! Best recommendation yet!

[@thetafoyastafoya3980]

This was a very helpful video for me to better understand the material in my Microeconomics class. Thank you!

[@alexisminors1858]

Thank you so much, I've taken many economics courses in my life and economies of scale ALWAYS trips me up but you've explained it marvelously in such a short amount of time so THANK YOU

[@matthewjackson9615]

I agree.

[@Riversflowin]

Thank you so much for simplifying this subject. Much appreciated.

[@Go4Yourz]

Thank you! I found this video very helpful and well under 10 minutes! Well done!

[@linhpiano1]

it's really amazing to cover such a big concept so comprehensibly :)

[@kattski]

Very helpful--put in marketing terms it makes total sense. Thank-you!!!!!!

[@nickcole4516]

You deliver your information so clearly, thanks a lot for your help

[@typxalimo]

That was fantastic. I learned more in 10 minutes than I would in 2 hours.

[@kongoner1]

I like the way you explain difficult things in a short and understandable form. Thanks for everything Sir

[@explore39]

Amazingly explained........Thank you so much..... expecting more videos from u sir.

[@pulkitkalra2143]

All time best👍

[@falibor4942]

Thank you very much for the video. It was very easy to understand and worked great for me as a summary before my test I have tomorrow. Now I'll know where to come whenever I don't understand something in class. Thank you again! :)

[@neodrone1]

Thanks Phil. My classes at college make sense to me now, after your explanations.

[@delvengeancevengeance7077]

Great examples for each explanation.. Helps me alot for my final exam..

[@metalheadsam437]

I've got my unit 1 and 3 exams coming up this month and must say the videos are absolutely fantastic!!! thank you very much.

[@rollingcoals]

Your videos are great! Really appreciate your efforts, thanks!

[@jin37uk]

These are better than the university lectures that I paid £3300 a year for

[@Azura_nebula]

12 hours till my econ final. Thank you very much for the explanation :)

[@hmate1119]

Hey, I made an online tool to help with Economics revision. Let me know if you like it: learn-all.appspot.com

[@ryanjalyl3436]

the same questions keep popping up!

[@heuritshipitra9929]

I couldn't get better explanation. Thank you. very good

[@DONHSD]

You teach so much better than my eco teacher !

[@GoLdi3LocKzz]

YOUR MIND IS BEAUTIFUL!!!!!!!

[@beerndumplings]

THIS IS GREAT, YOU ARE A GREAT MAN.

[@satishreddyv8449]

thank you sir, you explained this topic in a easy method and in a short period. Any level of students can understand this. thanks for such a good video.

[@aryaveersingh1758]

Wasn't able to understand Marketing EOS, Thanks a ton !!!

[@Cindayyee]

Paj explained economies of scale... it was super effective!

[@madkillerabdo]

My Suckish business Teacher is what forced me to study on the net for his horrible exam, and honestly, you are a life saver :) I am gonna show that punk a solid full mark on my paper tomorrow >:D

[@est91990]

Thanks for the video. Now I understand economies of scale.

[@nimraaziz9518]

*Applauds* This was AMAZING. Thankyou soo much, you really did make it easy for me now. It really took me less than 10 minutes to understand rather than reading the boring lecture notes which seemed alien to me.

[@Khourtside]

Paj is the best economic teacher out there. You the real mvp 👏👏✊✊

[@usnightfox]

amazing, best video yet !!!

[@jackmorato4264]

Amazing explanation. Thank you!

[@keithjoshuamassi9785]

Brilliant video.

[@notalone87]

Thank you!!! It was very clear! much better than in class!

[@danh13]

Wow, thanks so much. This will help when I write my Microeconomics exam tmrw.

[@paigejenkins68]

Thank you for making that clear for me!

[@Faroundandfindoutt]

thank you!!! this is a relatable and concise explanation of a complex topic.

[@takis1996killer]

well explained, good work.

[@SJ-qs2gj]

Mate you're brilliant.

[@emiliehamilton3725]

this man is very intelligent

[@Lv28fighter]

You are looking at it as if the price is constant. Businesses offer discounts for the higher amount of goods purchased in a deal. Another aspect you could look at is in regards to currency strength. It may be cheaper to buy today due to currency strength than it may be tomorrow. 1 - 3 cents difference may not sound like much, but when purchasing 5000 vs 50, it adds up.

[@gaizhang]

very clear explanation, I like it.

[@8080bulbul]

Thank you really your video is very helpful and have got the main point of the topic

[@yogawithkeigan]

love this guy!!

[@Ashallmusica]

No wonder this is 11 yrs ago, it's informative but his concept is based around only big and large entities. Today In 2022 i guess it's much more easy and affordable to run a small with the technology benefits we have ( even for small businesses )

[@verisimilitudeteller]

My right ear really enjoyed this.

[@isaacrobinson7849]

Quick and concise, thanks very much!

[@ronaldjupiter7252]

Very well explained. Thank you!

[@ssebastianc]

Great explanation - thank you!

[@birdiki]

thank you for this! It helps me so much!!!

[@beluguto]

Amazing! thank you very much!

[@emilymary55]

you are brilliant!! thank you so much!

[@ozgecandogu4202]

Allah razı olsun karşim, aydınlandık

[@snoopg14]

Wooooooooow....i finally understand economies of scale! :D THANKS!

[@SilentSapphire]

Great video and very helpful

[@whitedragon7]

Thank you so much, sir! I have very much enjoyed your video. Your lecture was very on point and very easy to understand. If I had you for a professor in my bachelor's level courses, I would not have struggled so much then. I am very glad that I got a class, sort of speak, with you in my present Master's economics course.

[@carlapastorracionero5492]

Finally I got it. Thank you!

[@lilmario0]

Well done sir, well done

[@Embo2211]

Thanks for this video, A-Level exam tomorrow and this helped a lot

[@Baggydawg1]

thanks. great video, helped out a lot

[@HushNatureL77]

it was a very effective video! thanks so much

[@nehavinayak6259]

Thanks a tonne...keep it up

[@overfuckingwhelmed]

thanks a lot! great help for my upcoming exam

[@ImagineTheWorld100]

You are really cool. Thanks a lot!

[@JaredReabow]

you teach me more in 8 minutes than my useless college teacher does in two hours!

[@Amesha1337]

Thank u very much! I completly understand.

[@TaylorCampbellMusic]

Very helpful! Thank you!

[@zainabasif4470]

amazing explanation !

[@ahmedomotayo3250]

Thank you! It can't be explained better

[@pajholden]

@likerofthingsawesome You can have it just as soon as I have finished with it.

[@pasindudilshan6859]

Great job! Thank you for the help, my final exams due to 3 more days and now i have hope that i can passs :D

[@irenethanasi123]

Efxaristo poli giafto to video professor! :) Exigate para poli kathara!

[@2OthCenturyFox]

There is an assumption that if you do buy more stock, the price per quantity is decreased by the company as an incentive to buy more stock. Companies such as Coke can sell their products at a lower cost because their economic of scales decrease as it's less expensive for them to produce say 20,000 cans verses 500, hence they can sell at a lower price.

[@thegenuinegal]

absolutely amazing - understood that completely, yet in my lectures it isn't explained very well atall, makes me wonder why my tuition fees are high as they are.....

[@taniacruz8652]

amazing video. thanks so much

[@alisonhoran]

Fantastic, thanks heaps!!

[@MelvinDeCroos]

tks..!! good and clear explanation

[@itzjennyferr]

Most helpful! Thanks!