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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)
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