Advertising

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

<< Economic value added Economies of scope >>

Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...

Anyone who has never made a mistake has never tried anything new. - Albert Einstein

Advertising



Copyright 2009-2018 GVC. All rights reserved.