Home / Dictionary / Economies of scale

Economies of scale Uncommon

Definition, synonyms and related words

Definitions
Noun
1

The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit.

See Also
process decrease sum of its parts increase returns to scale production cost average
Related Terms
Rhyming Words
ale gale dale bale pale tale cale kale hale sale nale yale vale zale rale swale orale teale peale whale
Compare
Economies of scale vs