economy of scale

noun phrase

Definition of economy of scale

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

First Known Use of economy of scale

1944, in the meaning defined above

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The first known use of economy of scale was in 1944

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Cite this Entry

“Economy of scale.” The Dictionary, Merriam-Webster Inc., Accessed 25 January 2020.

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dull or mediocre

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