economy of scale


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Related to economy of scale: Economy of scope

economy of scale

n. pl. economies of scale
The decrease in unit cost of a product or service resulting from large-scale operations, as in mass production.

economy of scale

n
(Economics) economics a fall in average costs resulting from an increase in the scale of production

econ′omy of scale′


n.
the reduction in unit cost achieved by manufacturing an item on a large scale.
[1970–75]

economy of scale

Any saving in costs that results from an increase in the scale of an operation. For example, a larger factory may be able to produce each unit of product more cheaply than a smaller factory.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.economy of scale - the saving in cost of production that is due to mass production
saving, economy - an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents"
References in periodicals archive ?
The Company generates additional revenue and exercises an economy of scale strategy by including a comprehensive emerging technology service and support offering as a critical component of the overall business plan.
Gartner Dataquest analysts said optical networking is the key to scalable backbone networks because it provides operators with a technology that fits the requirements of a next-generation backbone network - that is, it offers the bit-wise economy of scale and price erosion that operators need.
For the two school boards, this joint solution offered the flexibility, high performance and economy of scale answer to their respective disaster recovery and business continuity requirements.