external economies of scale

Definitions

Economics

  • A form of increasing returns to scale in which productivity and thus costs of individual firms depend on the output of their entire industry, rather than just their own. Unlike more conventional (internal) scale economies, these are consistent with perfect competition.
  • abbreviationexternal increasing returns to scale
    (written as External economies of scale)
  • abbreviationexternal returns to scale
    (written as External economies of scale)
  • external economies of scale.
http://www.dictionarycentral.com/definition/external-economies-of-scale.html