What does economy of scale mean?
Definitions for economy of scale
econ·o·my of scale
This dictionary definitions page includes all the possible meanings, example usage and translations of the word economy of scale.
Princeton's WordNet
economy of scalenoun
the saving in cost of production that is due to mass production
ChatGPT
economy of scale
Economy of scale refers to the cost advantage that a business obtains due to expansion. It's the ability to reduce costs per unit of output as a company or industry scales up production, resulting in increased efficiency and profitability. The cost advantages typically arise due to factors such as specialization, increased bargaining power, and the ability to spread fixed costs over larger volumes of output.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of economy of scale in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of economy of scale in Pythagorean Numerology is: 7
Translations for economy of scale
From our Multilingual Translation Dictionary
- economía de escalaSpanish
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"economy of scale." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/economy+of+scale>.
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