economy of scale

Definition of economy of scale

  1. :  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


Learn More about economy of scale


Seen and Heard

What made you want to look up economy of scale? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

sad or melancholy

Get Word of the Day daily email!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!