diseconomies of scale
11economies of scale — scale effect Reductions in the average cost of production, and hence in the unit costs, when output is increased. If the average costs of production rise with output, this is known as diseconomies of scale. Economies of scale can enable a… …
12economies of scale — scale effect Reductions in the average cost of production, and hence in the unit costs, when output is increased. If the average costs of production rise with output, this is known as diseconomies of scale. Economies of scale can enable a… …
13Economy of scale — Economies of scale are the cost advantages that a firm obtains due to expansion. Economies of scale may be utilized by any size firm expanding its scale of operation. The common ones are purchasing (bulk buying of materials through long term… …
14Returns to scale — In economics, returns to scale and economies of scale are related terms that describe what happens as the scale of production increases in the long run, when all input levels including physical capital usage are variable (chosen by the firm).… …
15Economies of scale — The decrease in the marginal cost of production as a plant s scale of operations increases. The New York Times Financial Glossary * * * economies of scale economies of scale ➔ scale * * * The theory that it is cheaper and more efficient to… …
16economies of scale — Achievement of lower average cost per unit through increased production. Bloomberg Financial Dictionary The decrease in the marginal cost of production as a firm s extent of operations expands. Bloomberg Financial Dictionary * * * economies of… …
17Minimum efficient scale — (MES) or efficient scale of production is a term used in industrial organization to denote the smallest output that a plant (or firm) can produce such that its long run average costs are minimized. Contents 1 Computing 2 Relationship to average… …
18Economies Of Scale — The increase in efficiency of production as the number of goods being produced increases. Typically, a company that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an… …
19economies of scale — noun The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit. Ant: diseconomies of scale …
20economies of scale — Reductions in the *unit costs of manufactured items with increases in *production levels. Contrast *diseconomies of scale …
