economy of scale
DefinitionReduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.
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economy of scale is ...
... part of the Accounting and Business subjects.
... part of the Accounting and Business subjects.
... #79 on our list of the most popular terms.
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economy of scale appears in the definitions of these other terms on BusinessDictionary.com
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