economy of scale (Meaning)
Wordnet
economy of scale (n)
the saving in cost of production that is due to mass production
Synonyms & Antonyms of economy of scale
No Synonyms and anytonyms found
economy of scale Sentence Examples
- Mass production benefits from economies of scale, as the cost per unit decreases with increased output.
- Large-scale manufacturing allows businesses to leverage economies of scale, leading to cost savings.
- In the agriculture sector, economies of scale are achieved through farm consolidation and mechanization.
- E-commerce platforms capitalize on economies of scale by reducing transaction costs and inventory levels.
- Software development benefits from economies of scale, as the fixed costs of creating a program can be spread across multiple users.
- Economies of scale in energy production enable the generation of power at a lower cost per unit.
- In the healthcare industry, economies of scale can be achieved through the consolidation of hospitals and medical facilities.
- Advertising campaigns can leverage economies of scale by reaching a wider audience at a lower cost per impression.
- Telecommunication companies benefit from economies of scale by sharing infrastructure and network capacity.
- Economies of scale in transportation allow airlines to operate larger aircraft and reduce their operating costs per passenger.
FAQs About the word economy of scale
the saving in cost of production that is due to mass production
No synonyms found.
No antonyms found.
Mass production benefits from economies of scale, as the cost per unit decreases with increased output.
Large-scale manufacturing allows businesses to leverage economies of scale, leading to cost savings.
In the agriculture sector, economies of scale are achieved through farm consolidation and mechanization.
E-commerce platforms capitalize on economies of scale by reducing transaction costs and inventory levels.
