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Edexcel A-Level Economics A2 3.3.2 3e Sources of External Economies of Scale Availability of Skilled Labour Access to Questions

Explain how external economies arise through skilled labour, transport connections and shared knowledge, linking industry-wide advantages to firms' costs with relevant case evidence.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • Explain how an industry cluster's skilled workforce can reduce firms' recruitment and training costs
  • Link access to improved transport connections with lower transport costs or better labour mobility
  • Analyse how sharing knowledge and research resources can lower firms' R&D costs

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