Concept information
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health and social care
health care quality, access, and evaluation
health services research
cost of care, economics, finance, and payment mechanisms
social science subjects
business and management
international business
economics of international business
...
organization studies
organization studies encyc
approaches to management theory
strategic management
Preferred term
economies of scale
Definition
- Economies of scale refer to the reductions in cost that firms achieve by producing in larger rather than smaller volumes of output. Economies in this context refers to the benefits incurred by reducing costs, largely by spreading fixed costs over a larger quantity of output. [Source: Encyclopedia of Human Geography; Economies of Scale]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economies_of_scale
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