economy of scale

[ ih-kon-uh-meeuhv skeyl ]

noun
  1. Usually economies of scale . a savings in cost achieved by virtue of the large quantity of units produced, materials purchased or transported, etc.: Expanding our business into the international market would bring a lot more competition, but also much greater economies of scale for production.

Origin of economy of scale

1
First recorded in 1940–45

Words Nearby economy of scale

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British Dictionary definitions for economy of scale

economy of scale

noun
  1. economics a fall in average costs resulting from an increase in the scale of production

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