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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]

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https://concepts.sagepub.com/social-science/concept/economies_of_scale

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