| Part of Speech | Definition | |
| Noun | 1. The saving in cost of production that is due to mass production.[Wordnet]. | |
Source: WordNet 3.0 Copyright © 2006 by Princeton University. All rights reserved. | Top | |
Common Expressions: ECONOMY OF SCALE
| Expressions | Definition | ||
| Economy of scale | The saving in cost of production that is due to mass production. Source: Wordnet 3.0 Copyright © 2006 by Princeton University. All rights reserved. | ||
Source: compiled by the editor from various references; see credits. | Top | ||
Specialty Expressions: ECONOMY OF SCALE
| Expressions | Domain | Definition | |
| Economy of scale | Economics | The production of an item at a cheaper cost by its manufacture in larger quantities. Source: European Union. (references) | |
| Economy of scale | Energy | The principle that larger production facilities have lower unit costs than smaller facilities. (references) | |
| Economy of scale | Physics | Relative saving realized when the size of a plant, enterprise, etc., is increased. For example, lower production cost of an automobile due to production of a large number of cars of the same type is due to economy of scale. There may also exist a DISECONOMY OF SCALE where the increased size contributes to an increase in unit cost. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
