economy of scale
[ ih-kon-uh-meeuhv skeyl ]
noun
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
1First recorded in 1940–45
Words Nearby economy of scale
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
British Dictionary definitions for economy of scale
economy of scale
noun
economics a fall in average costs resulting from an increase in the scale of production
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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