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
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.
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.
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!
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!
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
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. :)
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
*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.
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! :)
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.
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
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.
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.
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.
A question: Is the fact that the more you buy of something the cheaper per unit it is based on companies providing discounts to each other? For example, if a business buys 50 cans of coke from Coca Cola for 20 cents each, of if a business buys 5000 cans of coke from Coca Cola for 20 cents each... they still cost 20 cents each, on average. Are we relying on Coca Cola providing a discount to the second business because they are ordering more stock?
Hey, Thank you very much for your videos, they're very helpful. I just have question, what about the minimum efficient of scale? I had this question that I cannot find an answer for it. "Why are there a handful of large automobile companies instead of thousands of small ones?"
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.....
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 )
Hi, Can you please desicribe the interrelationship between efficiency and economies of scale please. Also, mass customization versus mass production. It will be very helpful. Thank You.
i thought the main point of economies of scale is to make the divider of "fixed cost" as big as possible by increasing the "variable cost" as much as possible.
Is there a 6th economies of scale the risk bearing economies? were businesses grow to such an extent that they can sell at a wider variety of markets- there's a decrease in the risk of the business. also they can afford research and development this will allow firms to have an advantage on competition. we learned this under the category of economies of scale as the 6th positive effect now looking back this doesn't necessarily decrease the cost per unit now i'm a bit confused can u pls explain?
Hello, I just subscribed to your channel...YOU ARE GREAT :-) I am currently studying market failure in class, if it is possible could you please make a video on it explaining what it is, causes, effects etc btw its for an a level student whose in the first year, year 12. Thank You
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
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.
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.
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.
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!
Highly effective, quick, concise and incredibly helpful. Thank you very much
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!
as an AS Economics student, you actually came recommended by my Business/Economics teacher as a revision source! Best recommendation yet!
If only all lecturers and textbook authors are like you the dropout rate from university will decrease significantly!
thank you very much!
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
Finally you have made me understand what economies of scale means. Many thanks
Great educational video as usual.
You sir, are the best
Thank you !
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!
Wow. Best video so far. Finally somone made me understand this concept
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. :)
You taught me in ten minutes what my teacher couldn't teach my class in 4 hours. Thank you.
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
I agree.
You are literally the best teacher out there! Thanks a bunch, I really appreciate all your videos.
Yes, thank you for very clear and concise explanations!! Have watched many of your videos. --M. from the Boston, MA area!!
*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.
12 hours till my econ final. Thank you very much for the explanation :)
Hey, I made an online tool to help with Economics revision. Let me know if you like it: learn-all.appspot.com
the same questions keep popping up!
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! :)
A magnificently-designed and concise explanation to understand a very vast topic. Many Thanks.
I like the way you explain difficult things in a short and understandable form. Thanks for everything Sir
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.
That was fantastic. I learned more in 10 minutes than I would in 2 hours.
Thanks Phil. My classes at college make sense to me now, after your explanations.
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.
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
very quick but accurate and concise summary, really helped consolidate my knowledge of a tricky topic. Thank you !!
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.
Paj is the best economic teacher out there. You the real mvp 👏👏✊✊
You teach so much better than my eco teacher !
Great examples for each explanation.. Helps me alot for my final exam..
Thank you! I found this video very helpful and well under 10 minutes! Well done!
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.
Thank you very much Phil! this class truly help me to understand economies of scale.
These are better than the university lectures that I paid £3300 a year for
This was a very helpful video for me to better understand the material in my Microeconomics class. Thank you!
Your videos are great! Really appreciate your efforts, thanks!
Very helpful--put in marketing terms it makes total sense. Thank-you!!!!!!
it's really amazing to cover such a big concept so comprehensibly :)
Paj explained economies of scale... it was super effective!
Thank you for the clear, detailed and well explained video. Just what I needed.
Amazingly explained........Thank you so much..... expecting more videos from u sir.
THIS IS GREAT, YOU ARE A GREAT MAN.
You deliver your information so clearly, thanks a lot for your help
I couldn't get better explanation. Thank you. very good
this man is very intelligent
YOUR MIND IS BEAUTIFUL!!!!!!!
Thank you, have had problems with understanding this since day one but you just made it clear :)
Thanks for this video, A-Level exam tomorrow and this helped a lot
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.
Wow, thanks so much. This will help when I write my Microeconomics exam tmrw.
A question: Is the fact that the more you buy of something the cheaper per unit it is based on companies providing discounts to each other? For example, if a business buys 50 cans of coke from Coca Cola for 20 cents each, of if a business buys 5000 cans of coke from Coca Cola for 20 cents each... they still cost 20 cents each, on average. Are we relying on Coca Cola providing a discount to the second business because they are ordering more stock?
Hey, Thank you very much for your videos, they're very helpful. I just have question, what about the minimum efficient of scale? I had this question that I cannot find an answer for it. "Why are there a handful of large automobile companies instead of thousands of small ones?"
Wasn't able to understand Marketing EOS, Thanks a ton !!!
you teach me more in 8 minutes than my useless college teacher does in two hours!
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.....
@likerofthingsawesome You can have it just as soon as I have finished with it.
Thank you, An excellent presentation lucidly delivered!!
Mate you're brilliant.
Thanks for the video. Now I understand economies of scale.
My right ear really enjoyed this.
Efxaristo poli giafto to video professor! :) Exigate para poli kathara!
Thank you!!! It was very clear! much better than in class!
Thank you so much for simplifying this subject. Much appreciated.
thank you!!! this is a relatable and concise explanation of a complex topic.
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 )
Thank you really your video is very helpful and have got the main point of the topic
you are bloody fucking brilliant, my friend you are a god
amazing, best video yet !!!
Wooooooooow....i finally understand economies of scale! :D THANKS!
Allah razı olsun karşim, aydınlandık
thank you! so helpful
very clear explanation, I like it.
Quick and concise, thanks very much!
Thank you! It can't be explained better
Hi, Can you please desicribe the interrelationship between efficiency and economies of scale please. Also, mass customization versus mass production. It will be very helpful. Thank You.
Very well explained. Thank you!
can i use the graphs you have shown in my a.level gcse exams? plz do reply i would be really thankful! =)
can please you tell me how realistic these dynamically increasing revenues in case of internal or external economies of scale are?
Amazing! thank you very much!
There is Economies of scales only if total cost are lower at higher output ?
Wonderful! Now just need a video about Economies of Scope because any other video about that on YT is miserable.
All time best👍
well explained, good work.
i thought the main point of economies of scale is to make the divider of "fixed cost" as big as possible by increasing the "variable cost" as much as possible.
Very well explained. Thank you, sir...
Hey Anindya, I made an online tool to help with Economics revision. Let me know if you like it: learn-all.appspot.com
Okay, sir. I will.
Is there a 6th economies of scale the risk bearing economies? were businesses grow to such an extent that they can sell at a wider variety of markets- there's a decrease in the risk of the business. also they can afford research and development this will allow firms to have an advantage on competition. we learned this under the category of economies of scale as the 6th positive effect now looking back this doesn't necessarily decrease the cost per unit now i'm a bit confused can u pls explain?
thanks man helped with my eco essay
Hello, I just subscribed to your channel...YOU ARE GREAT :-)
I am currently studying market failure in class, if it is possible could you please make a video on it explaining what it is, causes, effects etc btw its for an a level student whose in the first year, year 12.
Thank You
or it can have Economies of scale even by lower the output and significantly lower the cost ?
Great video and very helpful
Well done sir, well done
Brilliant video.
love this guy!!
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
Finally I got it. Thank you!
Is it possible to represent economies of scale using a diagram? My teacher showed it to me once... but I forgot it...
Thanks!! :)