economies of scale
nounDefinitions
The characteristics of a production process in which an increase in the scale of the firm…
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.
- To exploit travel economies of scale, RAIL buys a four-in-eight-day Rail Rover. This is now known as the 'Spirit of Scotland Travelpass', although older users may remember it as the 'Freedom of Scotland' - arguably a better name.
The neighborhood
Vish — recursive loop
No curated loop yet for economies of scale. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA