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Economies of scale

• Economies of Scale is the reduction in per unit cost of production as more of an output is produced.

• The decrease in the marginal cost of production as a plant's scale of operations increases.

 
 Embedded terms in definition
 Marginal
Production
Scale
Unit
 
 Related Terms
 Economies of scope
Scale
Scale enhancing
Scale in

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A happy person is not a person in a certain set of circumstances, but rather a person with a certain set of attitudes. - Hugh Downs

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