Economies Of Scale Definition

noun

Circumstances, conditions, etc. which encourage mass production of a commodity by lowering its unit cost as greater quantities are produced.

Webster's New World

(economics, plural only): The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit.

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economies of scale

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Starts With E & Ends With E Starts With EC & Ends With E Starts With E & Ends With LE

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18 Letter Words 18 Letter Words Starting With E 18 Letter Words Ending With E

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