economy of scale
Pronunciation
/ɪkˈɑːnəmi ʌv skˈeɪl/

Definition & Meaning of "economy of scale"in English

Economy of scale
01

the cost advantages that enterprises obtain due to size, output, or scale of operation

Grammatical Information
Animacy status
Abstract
Composition
complex compound
Uncountable
Examples
Large manufacturers benefit from economy of scale by producing goods at lower costs per unit.
LanGeek
Download LanGeek app
langeek application

Download Mobile App

App Store