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

Keep scrolling for more

Learn More about economy of scale

Time Traveler for economy of scale

Time Traveler

The first known use of economy of scale was in 1944

See more words from the same year

Statistics for economy of scale

Cite this Entry

“Economy of scale.” Dictionary, Merriam-Webster, Accessed 27 Feb. 2021.

Style: MLA
MLA Chicago APA Merriam-Webster

More from Merriam-Webster on economy of scale Encyclopedia article about economy of scale

Comments on economy of scale

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


Test Your Vocabulary

February 2021 Words of the Day Quiz

  • squirrel in winter
  • Which is a synonym of perdure?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

Universal Daily Crossword

A daily challenge for crossword fanatics.

Love words? Need even more definitions?

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