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Edexcel IAL Economics 3.3.2.3e sources of external economies of scale

Practise analysing how firms benefit from industry clusters through skilled labour, transport links and shared knowledge in applied extracts.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • analyse how skilled labour or transport links can reduce costs for firms in a cluster
  • use extract evidence to explain two external economies for pharmaceutical companies

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