Economy Of Scale (noun) Definition, Meaning & Examples

noun
  1. 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.
noun
  1. a fall in average costs resulting from an increase in the scale of production
Economy Of Scale (noun) Definition, Meaning & Examples

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