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economy of scale
/ɪkˈɑːnəmi ʌv skˈeɪl/
/ɪkˈɒnəmi ɒv skˈeɪl/
Economy of scale
01
the cost advantages that enterprises obtain due to size, output, or scale of operation
Examples
Large manufacturers benefit from economy of scale by producing goods at lower costs per unit.
The expansion of the company 's production facilities allowed it to achieve economy of scale.
