economy of scale

American  

[ih-kon-uh-mee uhv skeyl] / ɪˈkɒn ə mi əv ˈskeɪl /

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.

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economy of scale British  

noun

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

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Etymology

Origin of economy of scale

First recorded in 1940–45

Example Sentences

See Examples For:

economy of scale

“You get no economy of scale with the traditional ferry industry because it’s very much a one-off,” Hasselskog said.

From The Wall Street Journal ● Mar. 18, 2026

The vision of EU farming from early on was economy of scale — bigger farms, bigger holdings, setting standard rules across borders.

From Seattle Times ● Jan. 31, 2024

The advantage of the superhot peppers is economy of scale.

From Scientific American ● Oct. 26, 2023

"This is a great platform that gives us economy of scale and allows us to move forward," Sergio Ermotti said at the Bank of America's Annual Financials CEO Conference.

From Reuters ● Sep. 19, 2023

Poland’s huge order will increase that economy of scale.

From New York Times ● Mar. 5, 2023