economies of scope

Definitions

Accounting

  • plural noun the cost advantages of a company producing a number of products or engaging in a number of profitable activities that use the same technology

Health Economics

  • (written as Economies of Scope)
    Economies of scope enable a firm to produce several goods or services jointly more cheaply than producing them separately. The simultaneous production of hospital care and medical teaching is an example.
  • synonymscope effects
    (written as Economies of Scope)
  • synonymScope Effects
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