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 ?
No, they can't because the economy of scale argument is a red herring used to push the natural credit unions to the Big Three again.
Since meals outside of the home are costly, and do not take advantage of the time economy of scale in household production, households with large time endowments should have lower expenditures on meals outside of the home, holding per capita expenditure constant.
Key in the success of implementing these new concepts is the ability to collocate these ships to achieve readiness alignment and economy of scale. This collocation is especially important for the first ships in the class as waterfront facilities, infrastructure, training, and maintenance efficiencies are developed.
The enemy of rural economies, among other things, is the notion of economy of scale. The same thing that makes Wal-Mart economical (huge scale and the ability to buy everything in China and distribute it cost-effectively around the world) makes local companies less competitive except where service, quality, style and uniqueness trump price.
However, the analysis did not find any evidence--or any specific research--as to whether the size of a school district also impacts those measures of economy of scale.
Interbrew and AmBev's joining forces means that together they will have greater economy of scale, greater purchasing power with suppliers, and greater cash flow, says Vinicius Camargo Silva, Schincariol's lawyer.