Economy of scale - Wikipedia, the free encyclopedia
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Economies of scale , in microeconomics, are the cost advantages that a business obtains due to expansion. They are factors that cause a producer’s average cost per unit to fall as scale is increased....
en.wikipedia.org/wiki/Economy_of_scale
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economy of scale - definition of economy of scale - Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished... ... Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.
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Returns to scale - Wikipedia, the free encyclopedia
In economics, returns to scale and economies of scale are related terms that describe what happens as the scale of production increases. They are different terms and should not be used interchange...
en.wikipedia.org/wiki/Returns_to_scale
Economies of Scale Defined - A Dictionary Definition of Economies of Scale ... Definition: Usually one says there are economies of scale in production of cost per unit made declines with the number of units produced. It is a descriptive, quantitative term. One measure of the economies of scale is the cost per unit made.
economics.about.com/cs/economicsglossary/g/economies_of... economics.about.com/cs/economicsglossary/g/economies_of_s.htm
Economies of scale arise when the cost per unit falls as output increases. Economies of scale are the main advantage of increasing the scale of production and becoming ‘big’. ... Why are economies of scale important?
tutor2u.net/business/gcse/production_economies_of_scale... tutor2u.net/business/gcse/production_economies_of_scale.htm
Also Known As: Economies of Scale ... Wal-Mart can sell products more cheaply because its huge buying power gives it economies of scale. ... Economies of Scale - Dictionary Definition of Economies of Scale...
useconomy.about.com/od/glossary/g/economy_scale.htm useconomy.about.com/od/glossary/g/economy_scale.htm
Technical Definitions: What is Economies of Scale? Economies of Scale Definition. ... Economies of scale refers to the notion of increasing efficiencies of the production of goods as the number of goods being produced increases. Typically the average costs of producing a good will diminish as each additional good is...
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Economies of scale in production means that production at a larger scale (more output) can be achieved at a lower cost (i.e. with economies or savings). A simple way to formalize this is to assume that the unit-labor requirement in production of a good is a function of the level of output produced.
internationalecon.com/Trade/Tch80/T80-1.php
For example, lower production cost of an automobile due to production of a large number of cars of the same type is due to economy of scale. There may also exist a DISECONOMY OF SCALE where the increased size contributes to an increase in unit cost.
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