economies of scale Hear it!

economies of scale definition

economies of scale

circumstances, conditions, etc. which encourage mass production of a commodity by lowering its unit cost as greater quantities are produced

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.