economies of scale
- plural noun the cost advantages of a company producing a product in larger quantities so that each unit costs less to make.
- plural noun a situation in which a product is made more profitable by manufacturing it in larger quantities so that each unit costs less to make.
Information & Library Science
- noun achieving savings by producing very large quantities
- plural noun the savings that can be made per unit by producing larger quantities of a product, e.g. by reducing wastage