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

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

Dictionary Entries Near economy of scale

economy coil

economy of scale

e contrario

See More Nearby Entries 

Statistics for economy of scale

Cite this Entry

“Economy of scale.” Dictionary, Merriam-Webster, Accessed 5 Jul. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

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


Test Your Vocabulary

Name That Food

  • a-light
  • Name these cookies!
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

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!