Meaning of the word "economy of scale" in English
What does "economy of scale" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
economy of scale
US /ɪˈkɑː.nə.mi əv skeɪl/
UK /ɪˈkɒn.ə.mi əv skeɪl/
Noun
a proportionate saving in costs gained by an increased level of production
Example:
•
Large companies often benefit from economies of scale that smaller firms cannot achieve.
•
The merger was designed to create economies of scale in the manufacturing process.
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