economy of scale

[ih-kon-uh-mee uhv 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.

economy of scale

noun

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

Word History and Origins

Origin of economy of scale¹

First recorded in 1940–45

Example Sentences

One reason is the need to achieve economies of scale to improve efficiency.

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AI stocks could represent the best of free-market capitalism: an innovative idea, supported by private investment that ultimately delivers corporate profits and economies of scale, and rewards those who bet on it.

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"These costs often to lead to slightly higher prices than the larger superstores which benefit from economies of scale," he said.

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GEL said direct comparisons between the UK and Guernsey were "challenging due to the different tariff structures and pricing models" as well as "the relative economies of scale".

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It said the review found the reforms would drive higher returns for pension savers through cutting waste, economies of scale and improved investment strategies.

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