n IMIESA - Economies of scale in construction
|Article Title||Economies of scale in construction|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Jun 2016|
To quote The Economist's definition, "Economies of scale are factors that cause the average cost of producing something to fall as the volume of its output increases." Henry Ford, with his manufacturing production line for the Model T Ford, was the first real example of a factory using mass production to achieve economies of scale. Since then, almost every factory around the world has adopted this approach. More is less, and of benefit to the consumer.
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