Economies of Scale? Let the Train Take the Grain
What a terrific illustration here of the concept of economies of scale.
The world's longest train - 70+ wagons long - is designed to reduce the unit cost of transporting wheat across Australia to ports ready for export.
A drone-based camera has captured the train as its five locomotives drive it to its destination.
Wagons roll!
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Economics B (2016 Specification) Examiner - GCE A Level
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Jim Riley
Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.
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