Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “economies of scale”

economies of scale

noun [plural]
 
 
ECONOMICS, PRODUCTION
the reduction of production costs that is a result of making and selling goods in large quantities, for example, the ability to buy large amounts of materials at reduced prices: Big public companies frequently enjoy economies of scale and dominant market shares.achieve/benefit from/create economies of scale Selling to a global market would enable us to achieve huge economies of scale. → Compare diseconomies of scale
(Definition of economies of scale from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of economies of scale?
Add Cambridge dictionaries to your browser to your website

Word of the Day

first:

(a person or thing) coming before all others in order, time, amount, quality, or importance

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More