economies of scale Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “economies of scale” in the English Dictionary

"economies of scale" in Business English

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economies of scalenoun [plural]

uk   us   ECONOMICS, PRODUCTION
the ​reduction of ​productioncosts that is a ​result of making and ​sellinggoods in large ​quantities, for ​example, the ​ability to ​buy large ​amounts of ​materials at ​reducedprices: Big ​publiccompaniesfrequently enjoy ​economies of ​scale and ​dominantmarketshares.achieve/benefit from/create economies of scale Selling to a ​globalmarket would ​enable us to ​achieve huge ​economies of ​scale.
(Definition of economies of scale from the Cambridge Business English Dictionary © Cambridge University Press)
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