economy of scale

[ih-kon-uh-mee uhv skeyl]

Phonetic (Standard)IPA

noun

Usually economies of scale a savings in cost achieved by virtue of the large quantity of units produced, materials purchased or transported, etc..
Expanding our business into the international market would bring a lot more competition, but also much greater economies of scale for production.

economy of scale

noun

economics a fall in average costs resulting from an increase in the scale of production

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Word History and Origins

Origin of economy of scale¹

First recorded in 1940–45

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Example Sentences

Examples have not been reviewed.

GEL said direct comparisons between the UK and Guernsey were "challenging due to the different tariff structures and pricing models" as well as "the relative economies of scale".

From

It said the review found the reforms would drive higher returns for pension savers through cutting waste, economies of scale and improved investment strategies.

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For decades, economies of scale drove reactors to grow beyond 1,000 megawatts.

From

They are serviced through low-rent "dark stores" - or small shops dedicated to delivery and not open to the public - in densely populated areas, enabling economies of scale.

From

He points out that Jaguar had been trying to succeed in a high-volume market, where the bigger players can keep their costs down through economies of scale.

From

economy-class syndrome economy-size

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