Dictionary

economy of scale

Definition of ECONOMY OF SCALE

:  a reduction in the cost of producing something (as a car or a unit of electricity) brought about especially by increased size of production facilities —usually used in plural
ADVERTISEMENT

First Known Use of ECONOMY OF SCALE

1944

Browse

Next Word in the Dictionary: ecophenePrevious Word in the Dictionary: economy coilAll Words Near: economy of scale
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears